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

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 14,500 shares, a drop of 43.4% from the March 31st total of 25,600 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 3.0 days.

PureCycle Technologies Stock Up 6.2 %

PCTTW stock traded up $0.09 during midday trading on Friday, hitting $1.54. The stock had a trading volume of 2,502 shares, compared to its average volume of 7,011. The company’s 50-day moving average price is $1.73 and its 200 day moving average price is $1.46. PureCycle Technologies has a 12-month low of $0.70 and a 12-month high of $4.75.

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.