Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,450,000 shares, a decrease of 13.1% from the November 15th total of 2,820,000 shares. Based on an average daily trading volume, of 922,500 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Ecovyst

A number of hedge funds have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in Ecovyst in the 2nd quarter worth approximately $35,000. CWM LLC boosted its position in shares of Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after acquiring an additional 4,014 shares during the last quarter. Quarry LP grew its stake in Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after acquiring an additional 1,721 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in Ecovyst in the 3rd quarter worth $86,000. Finally, SG Americas Securities LLC bought a new position in shares of Ecovyst during the 2nd quarter valued at about $95,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Ecovyst stock traded down $0.16 during mid-day trading on Tuesday, hitting $7.52. The stock had a trading volume of 788,809 shares, compared to its average volume of 873,013. Ecovyst has a one year low of $6.02 and a one year high of $11.35. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $876.16 million, a P/E ratio of 16.69, a P/E/G ratio of 1.67 and a beta of 1.06. The firm’s 50 day moving average is $7.44 and its 200 day moving average is $7.75.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ECVT. BMO Capital Markets lifted their target price on Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Wednesday, December 4th.

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.