Catalyst Acquisition Corp. (NASDAQ:CATLU – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,739 shares, a decrease of 40.9% from the July 30th total of 2,941 shares. Based on an average daily volume of 13,041 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Catalyst Acquisition to a “hold” rating in a report on Saturday, August 8th.
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Catalyst Acquisition Stock Performance
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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