Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT) saw a large 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. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 816,200 shares, the days-to-cover ratio is presently 4.2 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ECVT. Spire Wealth Management boosted its stake in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in shares of Ecovyst in the 4th quarter valued at about $79,000. Bridgefront Capital LLC purchased a new stake in shares of Ecovyst in the 4th quarter valued at about $81,000. Cibc World Markets Corp purchased a new stake in shares of Ecovyst in the 4th quarter valued at about $83,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Ecovyst in the 3rd quarter valued at about $86,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

NYSE ECVT traded down $0.02 during trading hours on Tuesday, hitting $6.68. The company had a trading volume of 622,825 shares, compared to its average volume of 880,472. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The firm has a 50 day simple moving average of $7.60 and a 200 day simple moving average of $7.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a market capitalization of $783.42 million, a price-to-earnings ratio of 14.51, a PEG ratio of 1.04 and a beta of 1.04.

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.