Cascades Inc. (OTCMKTS:CADNF) Sees Large Growth in Short Interest

Cascades Inc. (OTCMKTS:CADNF) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 609,300 shares, a growth of 12.6% from the May 31st total of 541,200 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 870.4 days.

Cascades Price Performance

Shares of OTCMKTS:CADNF opened at $6.67 on Monday. The business’s 50-day moving average is $6.92 and its 200 day moving average is $8.15. Cascades has a 1 year low of $6.50 and a 1 year high of $11.06.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.