Cascades Inc. (OTCMKTS:CADNF) Short Interest Update

Cascades Inc. (OTCMKTS:CADNF) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 819,600 shares, a growth of 18.3% from the March 31st total of 692,900 shares. Based on an average daily volume of 18,400 shares, the short-interest ratio is currently 44.5 days.

Cascades Price Performance

CADNF traded up $0.02 during midday trading on Monday, hitting $6.73. 1,500 shares of the company were exchanged, compared to its average volume of 8,159. The company’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $8.68. Cascades has a 1-year low of $6.71 and a 1-year 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.