Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTW) Decreases By 26.1%

PureCycle Technologies, Inc. (NASDAQ:PCTTW) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a drop of 26.1% from the February 28th total of 2,300 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 0.2 days.

PureCycle Technologies Trading Down 6.5 %

Shares of NASDAQ PCTTW traded down $0.10 during trading on Tuesday, reaching $1.45. The company had a trading volume of 7,313 shares, compared to its average volume of 11,180. The business’s 50-day moving average is $2.67 and its 200 day moving average is $3.34. PureCycle Technologies has a 12-month low of $1.08 and a 12-month high of $5.70.

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.