Ecovyst Inc. (NYSE:ECVT) Short Interest Up 26.8% in February

Ecovyst Inc. (NYSE:ECVT - Get Free Report) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 816,200 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.3% of the shares of the stock are sold short.

Ecovyst Trading Down 2.8 %

Ecovyst stock traded down $0.19 during trading hours on Friday, hitting $6.40. The stock had a trading volume of 1,353,842 shares, compared to its average volume of 882,877. The business's 50 day simple moving average is $7.56 and its 200-day simple moving average is $7.36. Ecovyst has a one year low of $6.02 and a one year high of $11.35. The stock has a market cap of $750.56 million, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.04 and a beta of 1.04. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Institutional Investors Weigh In On Ecovyst

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Ecovyst by 198.1% during the third 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 period. Empowered Funds LLC acquired a new position in Ecovyst during the 3rd quarter worth about $2,087,000. Harbor Capital Advisors Inc. grew its position in shares of Ecovyst by 13.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after buying an additional 244,081 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Ecovyst in the fourth quarter valued at about $139,000. Finally, State Street Corp raised its position in shares of Ecovyst by 1.4% during the third quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after acquiring an additional 33,292 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

ECVT has been the subject of several research analyst reports. Citigroup boosted their target price on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. BMO Capital Markets decreased their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, BWS Financial reissued a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th.

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.