Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Rises By 19.8%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 61,789 shares, a growth of 19.8% from the February 12th total of 51,596 shares. Based on an average daily trading volume, of 98,089 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 98,089 shares, the days-to-cover ratio is presently 0.6 days.

PureCycle Technologies Stock Up 30.5%

PureCycle Technologies stock traded up $0.18 during mid-day trading on Tuesday, reaching $0.77. The company’s stock had a trading volume of 30,578 shares, compared to its average volume of 40,416. The firm’s fifty day moving average price is $0.79 and its two-hundred day moving average price is $1.92. PureCycle Technologies has a 12-month low of $0.16 and a 12-month high of $6.16.

About PureCycle Technologies

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.