Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Expands By 76.9%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant growth in short interest in 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 volume of 9,200 shares, the days-to-cover ratio is currently 0.3 days.

PureCycle Technologies Stock Down 12.9 %

PCTTW stock traded down $0.31 during trading on Friday, reaching $2.09. 3,835 shares of the stock were exchanged, compared to its average volume of 11,233. The firm’s 50 day moving average is $2.92 and its 200 day moving average is $3.28. PureCycle Technologies has a twelve month low of $1.08 and a twelve month 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.