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

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 112 shares, a decline of 77.6% from the February 26th total of 500 shares. Based on an average daily volume of 56 shares, the days-to-cover ratio is currently 2.0 days.

PureCycle Technologies Price Performance

Shares of PureCycle Technologies stock traded up $0.10 on Thursday, hitting $6.20. The company’s stock had a trading volume of 100 shares, compared to its average volume of 540. PureCycle Technologies has a 1 year low of $6.10 and a 1 year high of $12.60. The firm has a fifty day moving average price of $11.21 and a 200-day moving average price of $13.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About PureCycle Technologies

PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.

The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.