Cereplast, Inc. (OTCMKTS:CERPQ) Sees Significant Growth in Short Interest

Cereplast, Inc. (OTCMKTS:CERPQ) saw a large growth in short interest in the month of May. As of May 28th, there was short interest totalling 86,000 shares, a growth of 834.8% from the May 13th total of 9,200 shares. Based on an average daily volume of 782,700 shares, the days-to-cover ratio is currently 0.1 days.

Cereplast stock traded up $0.16 during midday trading on Friday, reaching $0.40. The stock had a trading volume of 9,571,543 shares, compared to its average volume of 483,326. Cereplast has a 52-week low of $0.01 and a 52-week high of $0.70. The stock has a fifty day simple moving average of $0.19.

About Cereplast

Cereplast, Inc does not have significant operation. Previously, it was involved in the development and are commercialization of bio-based resins. The company was incorporated in 2001 and is based in Zhengzhou, China.

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