Cascades Inc. (OTCMKTS:CADNF) Short Interest Down 52.6% in August

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 733,144 shares, a drop of 52.6% from the July 30th total of 1,548,069 shares. Based on an average daily volume of 71,064 shares, the short-interest ratio is presently 10.3 days.

Cascades Stock Performance

OTCMKTS:CADNF opened at $11.85 on Monday. Cascades has a 1 year low of $6.54 and a 1 year high of $12.94. The firm has a 50 day moving average of $9.94 and a 200-day moving average of $8.86.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Cascades in a report on Monday, August 10th. TD Securities reaffirmed a “buy” rating on shares of Cascades in a research note on Tuesday, August 4th. Scotiabank reiterated an “outperform” rating on shares of Cascades in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Cascades in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Cascades

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.