Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTU) Drops By 52.5%

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 563 shares, a decline of 52.5% from the November 30th total of 1,185 shares. Based on an average daily volume of 267 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 267 shares, the days-to-cover ratio is currently 2.1 days.

PureCycle Technologies Stock Performance

Shares of PureCycle Technologies stock traded up $10.19 on Monday, hitting $19.19. The company had a trading volume of 108 shares, compared to its average volume of 1,133. PureCycle Technologies has a 1 year low of $8.99 and a 1 year high of $12.60. The stock has a 50 day moving average of $15.04 and a 200-day moving average of $15.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About PureCycle Technologies

PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.

The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.