LOL, got to love the automated articles.
Ceres Inc (NASDAQ:CERE) shares are expected to touch $4 in the short term. This short term price target has been shared by 1 analysts. However, the standard deviation of short term price estimate has been valued at 0. The target price could hit $4 on the higher end and $4 on the lower end.The information is based on average recommendation on company rating and price target for short term (6 to 12 months) .
Ceres Inc (NASDAQ:CERE) : Optimism-led buying helped Ceres Inc (NASDAQ:CERE)post gains of 11.71% or 0.024 points. The mood remained fairly bullish throughout the day and no significant downmove or selling pressure was witnessed. During the day, the shares fluctuated in $0.194-$0.2345 but finally closed higher at $0.229. The shares had closed the previous day trading session at $0.205. The 52-week high of Ceres Inc (NASDAQ:CERE) is at $1.62. The volume for the day was recorded at 630,212 shares. Currently, there are 48,261,000 outstanding shares and the company has a market cap of $11 million. The 52-week low of the shares is at $0.181.
Ceres Inc (NASDAQ:CERE) has traded 1.41% of the total shares outstanding in the last 20 days. The average daily volume for the preceding 20 days is 681,375shares. The short ratio for the counter is 0.16. The short interest has changed by -26.85% in the past 1 month. The 3-month % change in short interest is -73.65%. In the past month, the total shorts are equal to 0.003 times the outstanding shares. A negative %change in the short interest reflects that bears are losing grip while a positive %change in the short interest points to a strong bearish pull over.
Ceres, Inc. (Ceres) is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks. The Companys large-scale commercial products are sweet sorghum varieties that can be used as a drop-in feedstock to extend the operating season of Brazilian sugarcane-to-ethanol mills. Its products include sweet sorghum, high biomass sorghum, switchgrass, miscanthus and row crops. Its energy crops can also be used for the production of second-generation biofuels and bio-based chemicals, including cellulosic ethanol, butanol, jet fuel, diesel-like molecules and gasoline-like molecules, from non-food biomass. Baseload utility scale electric power can also be generated from the biomass feedstocks grown from its seeds. Ceres has sold switchgrass and high biomass sorghum seeds in the United States under its Blade Energy Crops (Blade) brand. In January 2010, the Company incorporated a subsidiary, Ceres Sementes do Brasil Ltda.
