Ecovyst Inc. (NYSE:ECVT) Sees Significant Decrease in Short Interest

Ecovyst Inc. (NYSE:ECVT) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,284,178 shares, a decline of 28.4% from the March 31st total of 4,584,879 shares. Based on an average trading volume of 2,646,993 shares, the short-interest ratio is presently 1.2 days. Approximately 3.0% of the company’s shares are short sold.

Ecovyst Stock Up 1.3%

Shares of NYSE ECVT traded up $0.19 on Friday, hitting $14.37. The company had a trading volume of 1,508,421 shares, compared to its average volume of 1,890,714. Ecovyst has a 12-month low of $6.30 and a 12-month high of $14.61. The business has a 50 day moving average of $12.63 and a two-hundred day moving average of $10.64. The company has a quick ratio of 2.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.57 billion, a P/E ratio of -23.17, a PEG ratio of 1.99 and a beta of 1.12.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. Ecovyst had a positive return on equity of 9.39% and a negative net margin of 9.27%.The company had revenue of $199.43 million during the quarter, compared to the consensus estimate of $184.85 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s revenue was up 33.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, equities research analysts forecast that Ecovyst will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Ecovyst from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. KeyCorp boosted their price target on Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BWS Financial boosted their price target on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after buying an additional 191,394 shares during the period. Rubric Capital Management LP lifted its stake in shares of Ecovyst by 1.0% in the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock worth $102,165,000 after acquiring an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ecovyst by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,387,278 shares of the company’s stock worth $62,149,000 after acquiring an additional 130,206 shares in the last quarter. Mangrove Partners IM LLC lifted its stake in shares of Ecovyst by 20.6% in the third quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock worth $47,953,000 after acquiring an additional 935,647 shares in the last quarter. Finally, Oaktree Capital Management LP lifted its stake in shares of Ecovyst by 48.8% in the fourth quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock worth $41,396,000 after acquiring an additional 1,395,481 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.