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

Catalyst Bancorp, Inc. (NASDAQ:CLST - Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 5,334 shares, a decline of 30.6% from the December 15th total of 7,683 shares. Based on an average daily trading volume, of 4,494 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,494 shares, the short-interest ratio is presently 1.2 days.Get Catalyst Bancorp alerts:Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings restated a "hold (c)" rating on shares of Catalyst Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".Get Our Latest Report on Catalyst BancorpCatalyst Bancorp Stock Up 0.8%CLST opened at $15.63 on Friday. Catalyst Bancorp has a 12 month low of $10.67 and a 12 month high of $15.97. The company has a market cap of $64.22 million, a PE ratio of 26.48 and a beta of 0.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $15.22 and a 200 day moving average of $13.74. Catalyst Bancorp (NASDAQ:CLST - Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. Catalyst Bancorp had a net margin of 14.42% and a return on equity of 2.75%. The business had revenue of $2.77 million for the quarter. Catalyst Bancorp announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 20th that authorizes the company to buyback $205,000.00 in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued. Insider ActivityIn other Catalyst Bancorp news, Director Kirk E. Kleiser purchased 4,750 shares of the firm's stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average cost of $13.41 per share, with a total value of $63,697.50. Following the completion of the transaction, the director owned 17,749 shares of the company's stock, valued at $238,014.09. The trade was a 36.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 8.20% of the stock is currently owned by corporate insiders. Hedge Funds Weigh In On Catalyst BancorpA hedge fund recently raised its stake in Catalyst Bancorp stock. Graham Capital Wealth Management LLC increased its position in shares of Catalyst Bancorp, Inc. (NASDAQ:CLST - Free Report) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,940 shares of the company's stock after acquiring an additional 16,324 shares during the period. Catalyst Bancorp makes up about 2.9% of Graham Capital Wealth Management LLC's holdings, making the stock its 13th biggest position. Graham Capital Wealth Management LLC owned 4.76% of Catalyst Bancorp worth $2,465,000 at the end of the most recent reporting period. Institutional investors own 33.09% of the company's stock. Catalyst Bancorp Company Profile (Get Free Report)Catalyst Bancorp, Inc NASDAQ: CLST is an Oklahoma-based bank holding company and the parent of Catalyst Bank, a community bank serving consumers and businesses across the state. Headquartered in Oklahoma City, the company offers a full suite of financial services designed to meet the needs of local individuals, families, professionals and commercial clients. The company's subsidiary provides traditional banking products including checking and savings accounts, certificates of deposit and digital banking services.Recommended StoriesFive stocks we like better than Catalyst BancorpElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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