What happened?Two months of rollercoaster rides for PureCycle Technologies' (NASDAQ:PCT), shareholders have been experiencing. Shares fell sharply in May due to a short-seller report, but they rebounded almost fully in June. According to data from S&P Global Market Intelligence, PureCycle shares rose 35.8% in June after a 32.5% decline in May.What are you waiting for?The rebound from the May drop was probably due to the extreme reaction to the Hindenburg Research report on May 6. PureCycle presented its first quarter financial update on May 17 and held an investor day on June 28. Shares have risen more than 60% since the company update. In its latest report, the company stated that its first manufacturing plant will still be operational by 2022. The maker of recycled polypropylene also announced at its investor day that it will build 50 more recycling facilities over the next 15-years.What now?PureCycle was made public by a merger of a special purpose acquisition firm (SPAC). The company was created to license proprietary technology from Procter & Gamble (NYSE :PG). The packaging materials used by the consumer goods giant include pure polypropylene, which is made from recycled plastics.According to the company, digital solutions will be used for all new recycling facilities. The majority of facilities will have a capacity to recycle 130 million pounds annually, although smaller footprint designs will be used. Mike Otworth, CEO of PureCycle, stated that each PureCycle facility will be equipped with the most advanced digital automation technology available. This allows us to complete projects faster and have fully integrated systems and exceptional operating performance.Investors interested in the stock may consider it more of a speculative investment as the company has not yet been fully commercialized. Investors should review the technology of the company, which has been extensively published. To determine if this investment is right, it is worth looking at the Hindenburg report. Investors decided that the June sell-off triggered by the Hindenburg report was too much.
