PureCycle Technologies, Inc. (NASDAQ:PCTTU) Short Interest Up 14.8% in April

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 62 shares, an increase of 14.8% from the March 31st total of 54 shares. Based on an average trading volume of 4 shares, the short-interest ratio is presently 15.5 days.

PureCycle Technologies Price Performance

Shares of PCTTU opened at $6.20 on Friday. PureCycle Technologies has a 1-year low of $6.10 and a 1-year high of $12.60. The firm has a fifty day moving average price of $7.90 and a 200 day moving average price of $11.89.

About PureCycle Technologies

PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.

The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.