PureCycle Technologies, Inc. (NASDAQ:PCTTW) Sees Significant Decrease in Short Interest

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a decrease of 26.1% from the February 28th total of 2,300 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.2 days.

PureCycle Technologies Stock Performance

Shares of PCTTW stock opened at $1.61 on Friday. The firm’s 50 day moving average is $2.70 and its 200 day moving average is $3.33. PureCycle Technologies has a 12 month low of $1.08 and a 12 month high of $5.70.

About PureCycle Technologies

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.