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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,200 shares, a decrease of 20.0% from the September 30th total of 1,500 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is currently 0.1 days.

PureCycle Technologies Stock Performance

Shares of NASDAQ PCTTW traded down $0.03 during mid-day trading on Monday, reaching $5.10. The company’s stock had a trading volume of 2,781 shares, compared to its average volume of 10,415. The stock has a fifty day moving average of $2.45 and a two-hundred day moving average of $1.83. PureCycle Technologies has a 52 week low of $0.70 and a 52 week high of $5.70.

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.