PureCycle Technologies Inc’s filing revealed that its 10% Owner SYLEBRA CAPITAL LLC acquired Company’s shares for reported $5.0 million on Feb 06 ’25. In the deal valued at $8.06 per share,619,925 shares were bought. As a result of this transaction, SYLEBRA CAPITAL LLC now holds 34,077,574 shares worth roughly $346.91 million.
Then, SYLEBRA CAPITAL LLC bought 4,264,393 shares, generating $20,000,003 in total proceeds. Upon buying the shares at $4.69, the 10% Owner now owns 33,050,456 shares.
TD Cowen reiterated its PureCycle Technologies Inc [PCT] rating to a Buy in a research note published on May 08, 2025; the price target was $13. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Cantor Fitzgerald began covering PCT with “an Overweight” recommendation on October 18, 2024. TD Cowen maintained its rating on August 09, 2024. It rated PCT as “a Buy”.
Price Performance Review of PCT
On Friday, PureCycle Technologies Inc [NASDAQ:PCT] saw its stock jump 2.99% to $10.18. Over the last five days, the stock has gained 9.41%. PureCycle Technologies Inc shares have fallen nearly -0.73% since the year began. Nevertheless, the stocks have risen 84.66% over the past one year. While a 52-week high of $15.58 was reached on 02/18/25, a 52-week low of $4.50 was recorded on 04/07/25. SMA at 50 days reached $7.65, while 200 days put it at $9.27.
Levels Of Support And Resistance For PCT Stock
The 24-hour chart illustrates a support level at 9.72, which if violated will result in even more drops to 9.57. On the upside, there is a resistance level at 10.14. A further resistance level may holdings at 10.41. The Relative Strength Index (RSI) on the 14-day chart is 64.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 77.98% indicates the stock is a holding.
How much short interest is there in PureCycle Technologies Inc?
A steep rise in short interest was recorded in PureCycle Technologies Inc stocks on 2025-05-15, growing by 3.6 million shares to a total of 50.39 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 46.79 million shares. There was a rise of 7.15%, which implies that there is a positive sentiment for the stock.
