Cascades Inc. (OTCMKTS:CADNF) Short Interest Up 18.3% in April

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 819,600 shares, a growth of 18.3% from the March 31st total of 692,900 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is currently 44.5 days.

Cascades Stock Performance

Shares of Cascades stock opened at $6.77 on Tuesday. The company’s 50 day moving average price is $7.40 and its 200-day moving average price is $8.67. Cascades has a 52-week low of $6.71 and a 52-week 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.