Cascades Inc. (OTCMKTS:CADNF) Short Interest Update

Cascades Inc. (OTCMKTS:CADNF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,542,135 shares, a growth of 61.9% from the August 31st total of 952,382 shares. Based on an average daily volume of 81,054 shares, the short-interest ratio is currently 19.0 days.

Cascades Trading Down 1.5%

Shares of OTCMKTS CADNF traded down $0.19 during midday trading on Thursday, hitting $12.67. The company’s stock had a trading volume of 554 shares, compared to its average volume of 46,303. Cascades has a 1-year low of $6.82 and a 1-year high of $13.20. The firm’s fifty day moving average price is $11.80 and its 200-day moving average price is $9.35.

Analyst Ratings Changes

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

About Cascades

Cascades Inc is a Canadian company that develops, manufactures and markets packaging and hygiene products made primarily from recycled and virgin fibers. Its offerings include corrugated and coated recycled packaging, containerboard, tissue paper, away-from-home hygiene products, and related converting solutions for industrial, commercial and consumer markets.

Founded in 1964 by the Lemaire family, Cascades built its business around the recovery and reuse of fiber materials. The company serves customers across Canada and the United States through manufacturing and converting facilities, providing packaging and tissue solutions to sectors such as food and beverage, consumer products, retail, industrial manufacturing and institutional services.

Cascades is headquartered in Kingsey Falls, Quebec.