Short Interest in PureCycle Technologies, Inc. (NASDAQ:PCTTU) Declines By 52.5%

PureCycle Technologies, Inc. (NASDAQ:PCTTUGet 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”.

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About PureCycle Technologies

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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.

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