Ecovyst Inc. (NYSE:ECVT) Short Interest Update

Ecovyst Inc. (NYSE:ECVT) saw a large 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 short-interest ratio is currently 2.6 days. Approximately 2.6% of the shares of the company are short sold.

Ecovyst Price Performance

Shares of Ecovyst stock opened at $7.63 on Friday. The stock has a market capitalization of $888.67 million, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.13 and a beta of 1.01. The firm’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $8.13. The company has a current ratio of 2.72, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19. Ecovyst has a 1-year low of $6.02 and a 1-year high of $11.35.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The business had revenue of $182.80 million for the quarter, compared to the consensus estimate of $189.79 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Ecovyst will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Ecovyst

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of Ecovyst in the second quarter valued at about $35,000. CWM LLC raised its stake in shares of Ecovyst by 6,920.7% in the second 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. Quarry LP lifted its position in shares of Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after purchasing an additional 1,721 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Ecovyst during the second quarter valued at approximately $95,000. Finally, Algert Global LLC acquired a new stake in shares of Ecovyst in the second quarter valued at approximately $106,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ECVT. BMO Capital Markets lowered their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday. KeyCorp dropped their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday. Finally, Citigroup decreased their price target on Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 12th.

About Ecovyst

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.