Catalyst Partners Acquisition Corp. (NASDAQ:CPAR – Get Rating) was the recipient of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 6,600 shares, a growth of 20.0% from the December 15th total of 5,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 150,500 shares, the short-interest ratio is currently 0.0 days.
Institutional Investors Weigh In On Catalyst Partners Acquisition
Large investors have recently modified their holdings of the business. Aristeia Capital LLC acquired a new position in Catalyst Partners Acquisition during the third quarter worth about $23,973,000. HGC Investment Management Inc. increased its holdings in shares of Catalyst Partners Acquisition by 9.5% in the third quarter. HGC Investment Management Inc. now owns 1,905,668 shares of the company's stock valued at $18,752,000 after purchasing an additional 164,607 shares during the last quarter. Saba Capital Management L.P. lifted its position in Catalyst Partners Acquisition by 4.3% during the third quarter. Saba Capital Management L.P. now owns 1,616,170 shares of the company's stock worth $15,903,000 after buying an additional 66,170 shares in the last quarter. Sculptor Capital LP boosted its stake in Catalyst Partners Acquisition by 4.8% during the second quarter. Sculptor Capital LP now owns 1,435,708 shares of the company's stock worth $13,998,000 after buying an additional 65,388 shares during the last quarter. Finally, Periscope Capital Inc. grew its holdings in Catalyst Partners Acquisition by 16.7% in the 3rd quarter. Periscope Capital Inc. now owns 738,299 shares of the company's stock valued at $7,286,000 after buying an additional 105,763 shares in the last quarter. Hedge funds and other institutional investors own 80.94% of the company's stock.
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Catalyst Partners Acquisition Stock Performance
Shares of CPAR remained flat at $10.15 during trading hours on Friday. The company had a trading volume of 22,289 shares, compared to its average volume of 774,407. The stock has a 50-day moving average price of $10.04 and a 200-day moving average price of $9.92. Catalyst Partners Acquisition has a 52-week low of $9.63 and a 52-week high of $10.60.
Catalyst Partners Acquisition Company Profile
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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.
Further Reading
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