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

Cascades Inc. (OTCMKTS:CADNF) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 735,900 shares, a decline of 23.5% from the September 15th total of 962,200 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 81.8 days.

Cascades Price Performance

Shares of OTCMKTS CADNF remained flat at $7.74 during midday trading on Tuesday. Cascades has a twelve month low of $6.50 and a twelve month high of $11.06. The firm has a 50-day moving average of $7.08 and a 200-day moving average of $6.97.

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.