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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,334 shares, a decline of 15.8% from the November 30th total of 2,771 shares. Based on an average trading volume of 7,012 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 7,012 shares, the short-interest ratio is presently 0.3 days.

PureCycle Technologies Stock Down 32.2%

PCTTW stock opened at $0.78 on Wednesday. PureCycle Technologies has a 12 month low of $0.53 and a 12 month high of $6.16. The company has a 50-day moving average price of $1.55 and a 200 day moving average price of $3.32.

About PureCycle Technologies

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.