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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,300 shares, a decline of 18.8% from the January 31st total of 1,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 0.2 days.

PureCycle Technologies Trading Down 19.4 %

Shares of PureCycle Technologies stock opened at $2.50 on Tuesday. PureCycle Technologies has a 12-month low of $1.08 and a 12-month high of $5.70. The business’s 50 day moving average is $3.15 and its 200-day moving average is $3.24.

About PureCycle Technologies

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.