Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT - Get Free Report) was the recipient of a significant drop in short interest in the month of 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 daily volume of 922,500 shares, the short-interest ratio is presently 2.7 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC lifted its position in Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock valued at $88,043,000 after purchasing an additional 2,753,470 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Ecovyst by 84.6% in the third quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company's stock valued at $12,031,000 after buying an additional 805,128 shares during the period. Western Standard LLC bought a new position in Ecovyst in the third quarter valued at approximately $4,782,000. Foundry Partners LLC acquired a new stake in Ecovyst during the 2nd quarter worth $4,401,000. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Ecovyst by 26.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company's stock valued at $15,016,000 after acquiring an additional 462,317 shares during the last quarter. Institutional investors own 86.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ECVT shares. BMO Capital Markets upped their price objective on Ecovyst from $9.00 to $10.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. BWS Financial restated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research note on Wednesday, December 4th.

Ecovyst Price Performance

Shares of ECVT stock traded down $0.09 during trading hours on Friday, hitting $7.48. 622,732 shares of the company's stock were exchanged, compared to its average volume of 761,069. The stock's 50-day moving average is $7.43 and its 200-day moving average is $7.76. The stock has a market cap of $871.49 million, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35.

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.