Short Interest in Ecovyst Inc. (NYSE:ECVT) Drops By 6.4%

Ecovyst Inc. (NYSE:ECVT - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,780,000 shares, a drop of 6.4% from the September 30th total of 2,970,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ECVT shares. KeyCorp cut their price objective on shares of Ecovyst from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Monday, August 5th. BWS Financial lowered their price target on Ecovyst from $18.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Finally, Citigroup cut their price objective on Ecovyst from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, July 12th.

Insider Transactions at Ecovyst

In other Ecovyst news, insider Paul Whittleston purchased 7,800 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the acquisition, the insider now owns 57,542 shares in the company, valued at $374,023. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Paul Whittleston acquired 7,800 shares of Ecovyst stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the purchase, the insider now owns 57,542 shares of the company's stock, valued at approximately $374,023. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph S. Koscinski bought 4,807 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the purchase, the insider now directly owns 544,609 shares of the company's stock, valued at approximately $3,409,252.34. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds have recently modified their holdings of the business. ProShare Advisors LLC lifted its stake in Ecovyst by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,635 shares of the company's stock worth $185,000 after purchasing an additional 1,308 shares in the last quarter. Quarry LP lifted its position in Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company's stock worth $41,000 after buying an additional 1,721 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ecovyst by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company's stock worth $587,000 after buying an additional 3,353 shares during the last quarter. Innealta Capital LLC purchased a new stake in Ecovyst in the 2nd quarter valued at $35,000. Finally, CWM LLC increased its stake in shares of Ecovyst by 6,920.7% in the 2nd 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. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Price Performance

ECVT stock traded up $0.27 during trading on Thursday, hitting $6.64. The stock had a trading volume of 1,142,660 shares, compared to its average volume of 857,681. Ecovyst has a twelve month low of $6.02 and a twelve month high of $11.35. The company's 50-day moving average price is $6.63 and its two-hundred day moving average price is $8.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.72 and a quick ratio of 2.18. The stock has a market capitalization of $773.33 million, a P/E ratio of 13.27, a PEG ratio of 1.09 and a beta of 1.01.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $182.80 million for the quarter, compared to analysts' expectations of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts predict that Ecovyst will post 0.46 EPS for the current fiscal year.

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.