Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Expands By 41.6%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 87,491 shares, an increase of 41.6% from the February 26th total of 61,789 shares. Based on an average daily trading volume, of 32,670 shares, the days-to-cover ratio is currently 2.7 days.

PureCycle Technologies Trading Up 11.1%

PCTTW traded up $0.09 on Friday, reaching $0.92. The company had a trading volume of 10,417 shares, compared to its average volume of 37,337. The business has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $1.72. PureCycle Technologies has a 52-week low of $0.16 and a 52-week high of $6.16.

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.