Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTU) Declines By 95.4%

PureCycle Technologies, Inc. (NASDAQ:PCTTU) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 15 shares, a decline of 95.4% from the June 30th total of 325 shares. Based on an average trading volume of 20 shares, the short-interest ratio is currently 0.8 days.

PureCycle Technologies Price Performance

PCTTU remained flat at $11.00 during midday trading on Friday. The company has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $9.78. PureCycle Technologies has a 52-week low of $6.10 and a 52-week high of $16.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PureCycle Technologies in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, PureCycle Technologies currently has an average rating of “Sell”.

PureCycle Technologies Company Profile

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.