PureCycle Technologies, Inc. (NASDAQ:PCTTW – Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,421 shares, a drop of 27.5% from the January 15th total of 1,961 shares. Based on an average trading volume of 24,016 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 24,016 shares, the days-to-cover ratio is presently 0.1 days.
PureCycle Technologies Stock Performance
Shares of NASDAQ:PCTTW opened at $0.32 on Friday. The business has a 50-day moving average of $1.03 and a two-hundred day moving average of $2.48. PureCycle Technologies has a 12 month low of $0.32 and a 12 month high of $6.16.
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.
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