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

Catalyst Bancorp, Inc. (NASDAQ:CLST) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,300 shares, a growth of 151.4% from the September 15th total of 3,700 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Catalyst Bancorp

An institutional investor recently raised its position in Catalyst Bancorp stock. BHZ Capital Management LP increased its stake in shares of Catalyst Bancorp, Inc. (NASDAQ:CLST) by 255.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,001 shares of the company’s stock after purchasing an additional 27,321 shares during the period. BHZ Capital Management LP owned approximately 0.80% of Catalyst Bancorp worth $412,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 33.09% of the company’s stock.

Catalyst Bancorp Stock Performance

Shares of CLST stock opened at $11.35 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $51.45 million, a price-to-earnings ratio of -11.13 and a beta of 0.12. Catalyst Bancorp has a one year low of $10.60 and a one year high of $12.10. The company’s 50-day moving average is $11.42 and its 200 day moving average is $11.62.

Catalyst Bancorp (NASDAQ:CLST) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $2.81 million for the quarter.

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.