Ecovyst Inc. (NYSE:ECVT) Short Interest Update

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

Ecovyst Stock Down 0.2 %

NYSE ECVT traded down $0.02 on Tuesday, reaching $6.68. The company had a trading volume of 622,825 shares, compared to its average volume of 880,472. The stock has a market capitalization of $783.42 million, a P/E ratio of 14.51, a P/E/G ratio of 1.04 and a beta of 1.04. The company’s fifty day moving average is $7.60 and its 200 day moving average is $7.37. Ecovyst has a 52-week low of $6.02 and a 52-week high of $11.35. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Institutional Investors Weigh In On Ecovyst

Large investors have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company’s stock valued at $1,220,000 after purchasing an additional 118,303 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Ecovyst during the 3rd quarter valued at $2,087,000. Harbor Capital Advisors Inc. increased its position in shares of Ecovyst by 13.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after purchasing an additional 244,081 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Ecovyst during the 4th quarter valued at $139,000. Finally, State Street Corp increased its position in shares of Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company’s stock valued at $16,622,000 after purchasing an additional 33,292 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ECVT. Citigroup upped their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets lowered their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, February 28th.

About Ecovyst

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.