PureCycle Technologies, Inc. (NASDAQ:PCTTW) Sees Significant Decline in Short Interest

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,300 shares, a drop of 18.8% from the January 31st total of 1,600 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 0.2 days.

PureCycle Technologies Trading Down 5.5 %

PCTTW stock traded down $0.15 during midday trading on Thursday, reaching $2.55. 2,278 shares of the company’s stock traded hands, compared to its average volume of 10,997. The company has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $3.25. PureCycle Technologies has a 1-year low of $1.08 and a 1-year high of $5.70.

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.