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

Cascades Inc. (OTCMKTS:CADNF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 835,600 shares, a growth of 8.5% from the October 31st total of 769,900 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 321.4 days.

Cascades Stock Performance

CADNF stock opened at $8.43 on Wednesday. The firm has a 50 day simple moving average of $7.82 and a 200 day simple moving average of $7.18. Cascades has a 52 week low of $6.50 and a 52 week high of $11.06.

About Cascades

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.