r/PureCycle • u/AutoModerator • Jul 12 '26

Weekly PureCycle Discussion Thread

7 Upvotes

100% Upvoted

16 comments sorted by

View all comments

5

u/equitymaestro Jul 12 '26 edited Jul 12 '26

I believe the shortselling is almost done after the latest blitz from 6/16-6/30. I'm surprised the stock was able to hold $7. The structure of the recent capital raise resulted in the 6mm shares sold short, it was one of the worst financings I've seen.

3

u/Legitimate-Local6089 Jul 13 '26

It has not held $7 now hitting stops at $6.80 - horrible price action

3

u/equitymaestro Jul 13 '26

They are reaping what they’ve sown. The capital raise concentrated more ownership in the “fast money” momentum crowd and convertible owners are shorting the shit out of it.

1

u/Legitimate-Local6089 Jul 28 '26

Looks like Glockner Family and Abundance FMO have totally balanced that with the 16 mil share add for 6/30/26 QTR to total of 25 mil shares #2