Catalyst Partners Acquisition Corp. (NASDAQ:CPAR) Sees Significant Decline in Short Interest

Catalyst Partners Acquisition Corp. (NASDAQ:CPAR – Get Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 2,000 shares, a drop of 93.4% from the April 15th total of 30,100 shares. Based on an average trading volume of 126,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

A number of large investors have recently modified their holdings of CPAR. General Catalyst Group Management LLC bought a new stake in Catalyst Partners Acquisition during the first quarter worth approximately $77,914,000. Glazer Capital LLC bought a new stake in Catalyst Partners Acquisition during the third quarter worth approximately $16,444,000. Soroban Capital Partners LP bought a new stake in Catalyst Partners Acquisition during the third quarter worth approximately $11,676,000. Hsbc Holdings PLC bought a new stake in Catalyst Partners Acquisition during the third quarter worth approximately $9,814,000. Finally, Marshall Wace LLP bought a new stake in Catalyst Partners Acquisition during the third quarter worth approximately $8,809,000. Hedge funds and other institutional investors own 46.07% of the company’s stock.

Shares of Catalyst Partners Acquisition stock remained flat at $$9.76 on Wednesday. 27,344 shares of the stock traded hands, compared to its average volume of 105,403. Catalyst Partners Acquisition has a twelve month low of $9.00 and a twelve month high of $10.00. The business has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.75.

About Catalyst Partners Acquisition (Get Rating)

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.

See Also