PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Up 76.9% in February

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,300 shares, an increase of 76.9% from the February 13th total of 1,300 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 0.3 days.

PureCycle Technologies Stock Performance

Shares of PCTTW stock traded down $0.31 during trading on Friday, hitting $2.09. The company’s stock had a trading volume of 3,835 shares, compared to its average volume of 11,233. The business has a fifty day moving average of $2.92 and a 200-day moving average of $3.28. PureCycle Technologies has a 52 week low of $1.08 and a 52 week high of $5.70.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.