Catalyst Partners Acquisition Corp. (NASDAQ:CPARU) Sees Large Increase in Short Interest

Catalyst Partners Acquisition Corp. (NASDAQ:CPARU) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 24,800 shares, a growth of 28.5% from the August 15th total of 19,300 shares. Based on an average trading volume of 54,500 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Several institutional investors have recently made changes to their positions in CPARU. Panagora Asset Management Inc. acquired a new position in Catalyst Partners Acquisition in the second quarter worth about $88,000. Texas Yale Capital Corp. acquired a new position in Catalyst Partners Acquisition in the second quarter worth about $101,000. Schonfeld Strategic Advisors LLC acquired a new position in Catalyst Partners Acquisition in the second quarter worth about $112,000. Susquehanna International Group LLP acquired a new position in Catalyst Partners Acquisition in the second quarter worth about $184,000. Finally, Levin Capital Strategies L.P. acquired a new position in Catalyst Partners Acquisition in the second quarter worth about $201,000.

Shares of Catalyst Partners Acquisition stock traded down $0.06 during trading hours on Monday, hitting $9.83. 6,700 shares of the company’s stock traded hands, compared to its average volume of 73,767. The stock has a 50 day moving average of $9.95. Catalyst Partners Acquisition has a twelve month low of $9.78 and a twelve month high of $10.30.

About Catalyst Partners Acquisition

Catalyst Partners Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Cambridge, Massachusetts.

See Also: Moving Average (MA)

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