Cascades Inc. (OTCMKTS:CADNF) Short Interest Down 52.6% in August

Cascades Inc. (OTCMKTS:CADNFGet Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 733,144 shares, a decrease of 52.6% from the July 30th total of 1,548,069 shares. Based on an average daily volume of 71,064 shares, the short-interest ratio is presently 10.3 days.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on Cascades

Cascades Stock Performance

OTCMKTS CADNF traded down $0.11 during trading hours on Friday, hitting $11.85. 28,715 shares of the company’s stock were exchanged, compared to its average volume of 38,141. The business’s 50 day moving average is $9.94 and its 200-day moving average is $8.86. Cascades has a 12-month low of $6.54 and a 12-month high of $12.94.

About Cascades

(Get Free Report)

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.

Further Reading

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