Short Interest in Cascades Inc. (OTCMKTS:CADNF) Drops By 22.0%

Cascades Inc. (OTCMKTS:CADNF) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 692,900 shares, a decline of 22.0% from the March 15th total of 888,300 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 76.1 days.

Cascades Stock Performance

CADNF remained flat at $7.09 during midday trading on Monday. The company’s fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $8.82. Cascades has a 12-month low of $7.00 and a 12-month high of $11.06.

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.