Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,640,000 shares, a decline of 8.4% from the March 15th total of 1,790,000 shares. Based on an average trading volume of 799,300 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on Ecovyst from $11.50 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

Ecovyst Trading Down 0.9 %

ECVT traded down $0.09 during midday trading on Tuesday, hitting $9.93. 551,374 shares of the company were exchanged, compared to its average volume of 767,171. The firm’s 50 day moving average price is $9.90 and its 200-day moving average price is $9.60. Ecovyst has a 1-year low of $8.26 and a 1-year high of $12.35. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 1.69, a current ratio of 2.07 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, February 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Ecovyst had a net margin of 10.30% and a return on equity of 11.08%. The company had revenue of $172.80 million during the quarter, compared to the consensus estimate of $168.31 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts forecast that Ecovyst will post 0.81 EPS for the current fiscal year.

Insider Transactions at Ecovyst

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of Ecovyst stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the transaction, the director now directly owns 67,587 shares of the company’s stock, valued at $694,794.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ecovyst

Several large investors have recently modified their holdings of ECVT. Clear Street Markets LLC acquired a new stake in shares of Ecovyst during the 4th quarter worth approximately $29,000. US Bancorp DE acquired a new position in shares of Ecovyst during the second quarter valued at about $38,000. Tower Research Capital LLC TRC raised its holdings in shares of Ecovyst by 34.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,793 shares of the company’s stock valued at $47,000 after purchasing an additional 1,216 shares during the period. State of Wyoming bought a new position in shares of Ecovyst during the 4th quarter worth about $52,000. Finally, Point72 Middle East FZE bought a new stake in Ecovyst in the 4th quarter valued at about $64,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.