Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Drops By 37.5%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,500 shares, a decrease of 37.5% from the September 15th total of 2,400 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is presently 0.1 days.

PureCycle Technologies Stock Performance

Shares of PCTTW opened at $3.00 on Monday. PureCycle Technologies has a fifty-two week low of $0.70 and a fifty-two week high of $3.46. The firm’s 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $1.71.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.