Short Interest in Ecovyst Inc. (NYSE:ECVT) Grows By 69.6%

Ecovyst Inc. (NYSE:ECVT - Get Free Report) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,070,000 shares, a growth of 69.6% from the December 15th total of 1,810,000 shares. Based on an average daily volume of 926,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.9% of the company's shares are short sold.

Ecovyst Stock Up 0.2 %

Shares of ECVT stock traded up $0.02 during midday trading on Friday, reaching $7.88. 456,269 shares of the stock were exchanged, compared to its average volume of 659,852. Ecovyst has a 1 year low of $6.02 and a 1 year high of $11.35. The firm has a market cap of $917.52 million, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The company's 50 day moving average is $7.81 and its two-hundred day moving average is $7.52. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

Hedge Funds Weigh In On Ecovyst

Institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC grew its position in shares of Ecovyst by 27.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock worth $88,043,000 after buying an additional 2,753,470 shares during the period. Harbor Capital Advisors Inc. grew 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 worth $12,031,000 after purchasing an additional 805,128 shares during the period. Western Standard LLC bought a new position in shares of Ecovyst during the third quarter valued at approximately $4,782,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Ecovyst by 26.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company's stock valued at $15,016,000 after purchasing an additional 462,317 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Ecovyst in the 3rd quarter worth approximately $2,087,000. Institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ECVT shares. BWS Financial reaffirmed a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th.

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.