Catalyst Partners Acquisition Corp. (NASDAQ:CPAR – Get Rating) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 5,900 shares, an increase of 37.2% from the June 30th total of 4,300 shares. Based on an average trading volume of 70,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Catalyst Partners Acquisition Stock Performance
Shares of CPAR opened at $9.81 on Monday. The company’s 50 day simple moving average is $9.76 and its 200-day simple moving average is $9.74. Catalyst Partners Acquisition has a 12-month low of $9.58 and a 12-month high of $10.30.
Hedge Funds Weigh In On Catalyst Partners Acquisition
Hedge funds and other institutional investors have recently bought and sold shares of the company. Diameter Capital Partners LP purchased a new position in Catalyst Partners Acquisition in the 4th quarter valued at $1,948,000. General Catalyst Group Management LLC purchased a new position in Catalyst Partners Acquisition in the 1st quarter valued at $77,914,000. Mint Tower Capital Management B.V. purchased a new position in Catalyst Partners Acquisition in the 1st quarter valued at $389,000. Bank of Montreal Can acquired a new stake in Catalyst Partners Acquisition in the fourth quarter valued at $3,013,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Catalyst Partners Acquisition in the fourth quarter valued at $1,826,000. 46.07% of the stock is currently owned by hedge funds and other institutional investors.
About Catalyst Partners Acquisition
Catalyst Partners Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the software companies. The company was incorporated in 2021 and is based in Cambridge, Massachusetts.
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