Catalyst Bancorp, Inc. (NASDAQ:CLST) Sees Large Growth in Short Interest

Key Points

• Catalyst Bancorp, Inc. experienced a significant increase in short interest, rising by 91.3% in September, with 8,800 shares shorted as of September 15th.
• Institutional investors hold 33.09% of Catalyst Bancorp's stock, with Graham Capital Wealth Management recently increasing its stake by 8.9% to make it their 13th biggest holding.
• The stock currently has a Hold rating from analysts, and its shares have remained stable at $13.30 during recent trading sessions.

Catalyst Bancorp, Inc. (NASDAQ:CLST - Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 8,800 shares, an increase of 91.3% from the August 31st total of 4,600 shares. Based on an average daily trading volume, of 6,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 6,100 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Catalyst Bancorp stock. Graham Capital Wealth Management LLC boosted its stake in shares of Catalyst Bancorp, Inc. (NASDAQ:CLST - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,940 shares of the company's stock after buying an additional 16,324 shares during the quarter. Catalyst Bancorp accounts for about 2.9% of Graham Capital Wealth Management LLC's holdings, making the stock its 13th biggest holding. Graham Capital Wealth Management LLC owned approximately 4.76% of Catalyst Bancorp worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 33.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Catalyst Bancorp in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Catalyst Bancorp presently has an average rating of "Hold".

Catalyst Bancorp Stock Performance

Shares of CLST stock remained flat at $13.30 during trading hours on Friday. 4,840 shares of the stock traded hands, compared to its average volume of 3,884. The company's 50-day moving average price is $12.83 and its two-hundred day moving average price is $12.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 1.13. Catalyst Bancorp has a 12 month low of $10.67 and a 12 month high of $14.23. The firm has a market cap of $55.06 million, a PE ratio of 23.33 and a beta of 0.18.

Catalyst Bancorp (NASDAQ:CLST - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $2.81 million during the quarter. Catalyst Bancorp had a net margin of 13.74% and a return on equity of 2.70%.

Catalyst Bancorp Company Profile

Catalyst Bancorp, Inc operates as a holding company for Catalyst Bank that provides various banking services to individuals and businesses in Louisiana. The company accepts various deposit products, including savings accounts, demand and NOW accounts, money market accounts, and certificates of deposit.

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