Catalyst Acquisition Corp. (NASDAQ:CATLU) Sees Significant Growth in Short Interest

Catalyst Acquisition Corp. (NASDAQ:CATLU) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,941 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 573,968 shares, the short-interest ratio is currently 0.0 days.

Catalyst Acquisition Stock Up 0.2%

Shares of NASDAQ:CATLU traded up $0.01 on Friday, reaching $9.99. 1,291 shares of the company were exchanged, compared to its average volume of 104,808. Catalyst Acquisition has a 1-year low of $9.96 and a 1-year high of $10.03.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Catalyst Acquisition to a “hold” rating in a report on Saturday, August 8th.

About Catalyst Acquisition

Catalyst Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting an ongoing commercial business, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition, or similar transaction.

The company does not currently offer products or services of its own and has not established an operating business or defined geographic market.