Cascades Inc. (OTCMKTS:CADNF) Short Interest Up 24.4% in February

Cascades Inc. (OTCMKTS:CADNF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,079,200 shares, an increase of 24.4% from the February 13th total of 867,700 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 568.0 days.

Cascades Price Performance

Shares of Cascades stock opened at $6.99 on Tuesday. Cascades has a 52-week low of $6.50 and a 52-week high of $9.21. The business’s 50 day simple moving average is $8.36 and its 200 day simple moving average is $7.97.

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.