PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Update

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 1,961 shares, a drop of 22.9% from the December 31st total of 2,544 shares. Based on an average daily trading volume, of 14,356 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 14,356 shares, the days-to-cover ratio is currently 0.1 days.

PureCycle Technologies Price Performance

PureCycle Technologies stock traded down $0.15 during midday trading on Friday, hitting $0.79. The company’s stock had a trading volume of 3,814 shares, compared to its average volume of 20,348. PureCycle Technologies has a 1-year low of $0.53 and a 1-year high of $6.16. The company has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $2.78.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.

PureCycle offers both proprietary technology licensing and finished‐resin sales.