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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 51,596 shares, an increase of 3,531.0% from the January 29th total of 1,421 shares. Based on an average daily volume of 26,767 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 26,767 shares, the days-to-cover ratio is presently 1.9 days.

PureCycle Technologies Stock Down 24.0%

Shares of PCTTW opened at $0.19 on Friday. PureCycle Technologies has a 52-week low of $0.16 and a 52-week high of $6.16. The stock has a 50 day moving average price of $0.91 and a 200 day moving average price of $2.25.

PureCycle Technologies Company Profile

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.