Short Interest in Cascades Inc. (OTCMKTS:CADNF) Increases By 22.2%

Cascades Inc. (OTCMKTS:CADNF) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 962,200 shares, an increase of 22.2% from the August 31st total of 787,600 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is currently 81.5 days.

Cascades Price Performance

Shares of OTCMKTS CADNF remained flat at $7.53 during mid-day trading on Monday. Cascades has a 1-year low of $6.50 and a 1-year high of $11.06. The stock has a 50 day moving average price of $6.92 and a 200-day moving average price of $6.93.

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.