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

PureCycle Technologies, Inc. (NASDAQ:PCTTU) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 15 shares, a drop of 95.4% from the June 30th total of 325 shares. Based on an average daily trading volume, of 20 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PureCycle Technologies in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, PureCycle Technologies has an average rating of “Sell”.

PureCycle Technologies Trading Down 6.4%

PCTTU stock traded down $0.70 during midday trading on Friday, reaching $10.30. PureCycle Technologies has a one year low of $6.10 and a one year high of $16.50. The firm’s 50-day simple moving average is $10.70 and its two-hundred day simple moving average is $9.79.

PureCycle Technologies Company Profile

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.