Cascades Inc. (OTCMKTS:CADNF) Short Interest Down 17.9% in May

Cascades Inc. (OTCMKTS:CADNF) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 947,300 shares, a decrease of 17.9% from the April 30th total of 1,153,400 shares. Based on an average daily trading volume, of 17,500 shares, the short-interest ratio is presently 54.1 days.

Cascades Stock Performance

Shares of OTCMKTS CADNF opened at $6.32 on Tuesday. The company’s 50 day simple moving average is $6.50 and its 200 day simple moving average is $7.61. Cascades has a fifty-two week low of $5.98 and a fifty-two week high of $9.21.

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.