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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,300 shares, a growth of 76.9% from the February 13th total of 1,300 shares. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is presently 0.3 days.

PureCycle Technologies Stock Down 12.9 %

PCTTW traded down $0.31 on Friday, hitting $2.09. 3,835 shares of the company traded hands, compared to its average volume of 11,278. PureCycle Technologies has a 12-month low of $1.08 and a 12-month high of $5.70. The company has a 50 day moving average of $2.92 and a 200-day moving average of $3.29.

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.