PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Down 18.8% in February

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,300 shares, a drop of 18.8% from the January 31st total of 1,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is currently 0.2 days.

PureCycle Technologies Stock Down 19.4 %

Shares of PCTTW stock opened at $2.50 on Tuesday. The firm’s 50 day moving average price is $3.15 and its two-hundred day moving average price is $3.24. PureCycle Technologies has a 52-week low of $1.08 and a 52-week 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.