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

Catalyst Bancorp, Inc. (NASDAQ:CLST) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,900 shares, an increase of 11.3% from the October 31st total of 6,200 shares. Based on an average trading volume of 8,700 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Catalyst Bancorp Stock Performance

NASDAQ:CLST opened at $11.90 on Wednesday. Catalyst Bancorp has a fifty-two week low of $10.60 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.56. The stock has a market capitalization of $51.65 million, a P/E ratio of -14.51 and a beta of 0.14.

Catalyst Bancorp (NASDAQ:CLST) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter. The firm had revenue of $4.29 million for the quarter. During the same period in the prior year, the company posted $0.03 EPS.

Hedge Funds Weigh In On Catalyst Bancorp

Several institutional investors have recently bought and sold shares of the company. Wittenberg Investment Management Inc. acquired a new stake in shares of Catalyst Bancorp during the third quarter worth about $416,000. Geode Capital Management LLC lifted its holdings in Catalyst Bancorp by 60.5% during the 3rd quarter. Geode Capital Management LLC now owns 38,464 shares of the company’s stock worth $439,000 after buying an additional 14,498 shares in the last quarter. Finally, Graham Capital Wealth Management LLC lifted its holdings in Catalyst Bancorp by 165.4% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 160,331 shares of the company’s stock worth $1,857,000 after buying an additional 99,912 shares in the last quarter. 33.09% of the stock is owned by institutional investors and hedge funds.

About Catalyst Bancorp

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.