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

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,560 shares, a growth of 16,081.8% from the October 15th total of 22 shares. Based on an average trading volume of 992 shares, the days-to-cover ratio is presently 3.6 days.

PureCycle Technologies Trading Up 5.0%

Shares of NASDAQ:PCTTU traded up $0.23 during trading on Tuesday, reaching $4.70. 1,705 shares of the company traded hands, compared to its average volume of 1,291. The firm has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $8.94. PureCycle Technologies has a 1-year low of $2.51 and a 1-year high of $16.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PureCycle Technologies in a report on Wednesday, August 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

PureCycle Technologies Company Profile

PureCycle Technologies develops and commercializes technology for recycling polypropylene, a plastic used in packaging, consumer goods and other products. Its solvent-based purification process is designed to remove color, odor and other contaminants from used polypropylene and produce recycled resin intended for applications that may require material similar to virgin plastic. The company’s technology originated with Procter & Gamble, which developed the process and licensed it to PureCycle for commercialization.