PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 563 shares, a decrease of 52.5% from the November 30th total of 1,185 shares. Based on an average daily trading volume, of 267 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 267 shares, the short-interest ratio is currently 2.1 days.
PureCycle Technologies Stock Up 6.6%
PureCycle Technologies stock traded up $0.60 during midday trading on Friday, hitting $9.60. 108 shares of the stock were exchanged, compared to its average volume of 1,133. The business’s 50-day moving average price is $15.04 and its 200-day moving average price is $15.92. PureCycle Technologies has a 52-week low of $8.99 and a 52-week high of $12.60.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PureCycle Technologies presently has an average rating of “Sell”.
About PureCycle Technologies
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.
See Also
- Five stocks we like better than PureCycle Technologies
- Do not delete, read immediately
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- Can Any Expenses Be Deducted From Capital Gains Tax?
- Do you know what Amazon is planning for January 1?
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Receive News & Ratings for PureCycle Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PureCycle Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
