Short Interest in Cascades Inc. (OTCMKTS:CADNF) Increases By 12.6%

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a large growth in short interest in the month of 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 trading volume, of 700 shares, the days-to-cover ratio is presently 870.4 days.

Cascades Stock Performance

Shares of OTCMKTS:CADNF opened at $6.67 on Tuesday. The firm’s 50-day moving average is $6.92 and its two-hundred day moving average is $8.13. Cascades has a 1 year low of $6.50 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.