Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,450,000 shares, an increase of 26.8% from the February 13th total of 2,720,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 816,200 shares, the days-to-cover ratio is presently 4.2 days.

Hedge Funds Weigh In On Ecovyst

A number of large investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Ecovyst during the 3rd quarter valued at $349,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Ecovyst by 41.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 71,599 shares of the company’s stock valued at $490,000 after buying an additional 21,147 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of Ecovyst by 51.2% during the third quarter. Cornercap Investment Counsel Inc. now owns 77,036 shares of the company’s stock worth $528,000 after acquiring an additional 26,093 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Ecovyst in the 3rd quarter worth about $2,087,000. Finally, Quest Partners LLC acquired a new position in Ecovyst during the 3rd quarter valued at about $337,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Down 0.5 %

NYSE:ECVT traded down $0.04 on Monday, hitting $6.71. The stock had a trading volume of 855,195 shares, compared to its average volume of 881,598. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The business’s fifty day moving average is $7.60 and its 200 day moving average is $7.37. The company has a market cap of $786.95 million, a PE ratio of 14.58, a P/E/G ratio of 1.04 and a beta of 1.04.

Analysts Set New Price Targets

Several equities research analysts recently commented on ECVT shares. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday, February 28th. BMO Capital Markets lowered their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Citigroup boosted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.