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

PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 15 shares, a drop of 95.4% from the June 30th total of 325 shares. Based on an average trading volume of 20 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PureCycle Technologies in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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PureCycle Technologies Price Performance

Shares of NASDAQ PCTTU remained flat at $11.00 during midday trading on Friday. PureCycle Technologies has a 1-year low of $6.10 and a 1-year high of $16.50. The firm has a fifty day moving average of $10.70 and a 200 day moving average of $9.79.

About PureCycle Technologies

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PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.

The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.

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