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

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a significant 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 volume of 700 shares, the short-interest ratio is currently 870.4 days.

Cascades Price Performance

Cascades stock opened at $6.67 on Monday. Cascades has a fifty-two week low of $6.50 and a fifty-two week high of $11.06. The firm has a fifty day moving average price of $6.92 and a two-hundred day moving average price of $8.15.

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.