Ecovyst Inc. (NYSE:ECVT) Short Interest Down 13.1% in November

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

Institutional Investors Weigh In On Ecovyst

Several large investors have recently made changes to their positions in ECVT. 272 Capital LP raised its position in Ecovyst by 753.8% during the third quarter. 272 Capital LP now owns 128,071 shares of the company’s stock worth $877,000 after acquiring an additional 113,071 shares in the last quarter. Barclays PLC increased its stake in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company’s stock worth $1,220,000 after purchasing an additional 118,303 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ecovyst by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock valued at $17,374,000 after purchasing an additional 55,884 shares during the period. EP Wealth Advisors LLC acquired a new stake in Ecovyst in the 3rd quarter valued at about $177,000. Finally, Western Standard LLC bought a new position in Ecovyst during the third quarter worth about $4,782,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Down 1.2 %

ECVT stock opened at $7.48 on Friday. The company has a market cap of $871.49 million, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.73 and a beta of 1.06. Ecovyst has a twelve month low of $6.02 and a twelve month high of $11.35. The business has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $7.77. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Analysts Set New Price Targets

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

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.