Catalyst Acquisition Corp. (NASDAQ:CATLU – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,941 shares, an increase of ? from the July 15th total of 0 shares. Based on an average trading volume of 573,968 shares, the short-interest ratio is currently 0.0 days.
Catalyst Acquisition Stock Performance
Shares of NASDAQ:CATLU opened at $9.99 on Monday. Catalyst Acquisition has a one year low of $9.96 and a one year high of $10.03.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Catalyst Acquisition to a “hold” rating in a research 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.
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