PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,560 shares, a growth of 16,081.8% from the October 15th total of 22 shares. Based on an average daily trading volume, of 992 shares, the short-interest ratio is presently 3.6 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PureCycle Technologies in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, PureCycle Technologies has a consensus rating of “Sell”.
Read Our Latest Stock Report on PureCycle Technologies
PureCycle Technologies Stock Performance
PCTTU opened at $4.70 on Thursday. The business has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $8.88. PureCycle Technologies has a 1 year low of $2.51 and a 1 year high of $16.50.
PureCycle Technologies Company Profile
PureCycle Technologies develops and commercializes technology for recycling polypropylene, a plastic used in packaging, consumer goods and other products. Its solvent-based purification process is designed to remove color, odor and other contaminants from used polypropylene and produce recycled resin intended for applications that may require material similar to virgin plastic. The company’s technology originated with Procter & Gamble, which developed the process and licensed it to PureCycle for commercialization.
See Also
- Five stocks we like better than PureCycle Technologies
- Palantir’s Real Washington Risk Isn’t the Budget—It’s Oversight
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
Receive News & Ratings for PureCycle Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PureCycle Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
