PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Up 33.3% in January

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, an increase of 33.3% from the January 15th total of 1,200 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 0.1 days.

PureCycle Technologies Price Performance

PCTTW traded up $0.09 during trading on Friday, reaching $3.04. 2,915 shares of the stock were exchanged, compared to its average volume of 10,294. PureCycle Technologies has a twelve month low of $1.08 and a twelve month high of $5.70. The stock’s 50 day moving average price is $3.37 and its two-hundred day moving average price is $3.13.

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.