PureCycle Technologies, Inc. (NASDAQ:PCTTW) Short Interest Up 33.3% in January

PureCycle Technologies, Inc. (NASDAQ:PCTTW) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,600 shares, an increase of 33.3% from the January 15th total of 1,200 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is presently 0.1 days.

PureCycle Technologies Stock Performance

Shares of PCTTW traded up $0.09 during mid-day trading on Friday, reaching $3.04. 2,915 shares of the company’s stock traded hands, compared to its average volume of 10,294. The business’s 50-day moving average price is $3.37 and its 200-day moving average price is $3.13. 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.