Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Decreases By 22.9%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,961 shares, a decline of 22.9% from the December 31st total of 2,544 shares. Based on an average daily trading volume, of 14,356 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 14,356 shares, the days-to-cover ratio is currently 0.1 days.

PureCycle Technologies Trading Up 1.6%

PCTTW traded up $0.01 during trading hours on Tuesday, hitting $0.76. The stock had a trading volume of 29,601 shares, compared to its average volume of 20,324. PureCycle Technologies has a 1 year low of $0.53 and a 1 year high of $6.16. The company’s fifty day simple moving average is $1.14 and its 200 day simple moving average is $2.71.

PureCycle Technologies Company Profile

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.