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

Catalyst Acquisition Corp. (NASDAQ:CATL) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,636 shares. Based on an average trading volume of 46,382 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Catalyst Acquisition to a “hold” rating in a report on Saturday, September 19th.

Catalyst Acquisition Stock Down 0.2%

Shares of NASDAQ:CATL traded down $0.02 during midday trading on Thursday, hitting $9.77. 107,323 shares of the stock were exchanged, compared to its average volume of 37,276. Catalyst Acquisition has a twelve month low of $9.75 and a twelve month high of $10.12.

About Catalyst Acquisition

Catalyst Acquisition Company (NASDAQ: CATL) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transactions may include a merger, acquisition, share exchange, or similar corporate reorganization.

Unlike an operating company, Catalyst Acquisition Company does not primarily sell products or services of its own. Its activities are focused on evaluating potential target businesses, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed combination.

Public information about the company’s operating history, geographic markets, leadership, and completed or pending business activities is limited.