PureCycle Technologies, Inc. (NASDAQ:PCTTU) Stock Short Interest Report for September

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 290 shares, an increase of 1,833.3% from the September 15th total of 15 shares. Based on an average trading volume of 99 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PureCycle Technologies in a research note on Wednesday, August 26th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

PureCycle Technologies Price Performance

NASDAQ:PCTTU traded down $0.17 during midday trading on Friday, hitting $4.21. 1,202 shares of the company were exchanged, compared to its average volume of 1,214. The company has a fifty day simple moving average of $9.25 and a 200 day simple moving average of $8.97. PureCycle Technologies has a fifty-two week low of $4.31 and a fifty-two week high of $16.50.

About PureCycle Technologies

PureCycle Technologies, Inc is a plastics recycling company that develops and operates technology designed to convert waste polypropylene into recycled polypropylene resin. Its process is intended to remove color, odor and other contaminants from post-consumer and post-industrial plastic, producing a material with properties comparable to virgin polypropylene.

The company’s recycled polypropylene can be used in applications such as packaging, consumer products, automotive components and other manufactured goods.