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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,300 shares, a growth of 76.9% from the February 13th total of 1,300 shares. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 0.3 days.

PureCycle Technologies Stock Performance

NASDAQ:PCTTW traded down $0.31 during trading hours on Friday, hitting $2.09. The company’s stock had a trading volume of 3,835 shares, compared to its average volume of 11,278. PureCycle Technologies has a 52-week low of $1.08 and a 52-week high of $5.70. The stock has a fifty day moving average of $2.92 and a 200-day moving average of $3.29.

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.