PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Down 15.8% in December

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 2,334 shares, a decline of 15.8% from the November 30th total of 2,771 shares. Based on an average daily trading volume, of 7,012 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 7,012 shares, the short-interest ratio is currently 0.3 days.

PureCycle Technologies Price Performance

Shares of NASDAQ:PCTTW opened at $0.98 on Friday. The business’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $3.28. PureCycle Technologies has a 1 year low of $0.53 and a 1 year high of $6.16.

About PureCycle Technologies

PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.

PureCycle offers both proprietary technology licensing and finished‐resin sales.