Cascades Inc. (OTCMKTS:CADNF) Sees Significant Growth in Short Interest

Cascades Inc. (OTCMKTS:CADNF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,750,234 shares, a growth of 61.5% from the September 30th total of 1,083,651 shares. Based on an average trading volume of 35,189 shares, the short-interest ratio is currently 49.7 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CADNF shares. Scotiabank reaffirmed an “outperform” rating on shares of Cascades in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Cascades in a research report on Monday, October 26th. TD Securities restated a “buy” rating on shares of Cascades in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cascades in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Cascades Trading Up 0.7%

Shares of OTCMKTS CADNF traded up $0.08 during midday trading on Monday, hitting $12.38. The stock had a trading volume of 100 shares, compared to its average volume of 44,749. The business’s 50 day moving average is $12.41 and its 200-day moving average is $9.73. Cascades has a 52 week low of $7.50 and a 52 week high of $13.20.

Cascades Company Profile

Cascades Inc is a Canadian company that produces sustainable packaging and hygiene products primarily from recycled and renewable fibers. Its offerings include corrugated and specialty packaging, containerboard, tissue products, and recovery and recycling services for commercial, industrial, and consumer markets.

Founded in 1964 by the Lemaire family in Kingsey Falls, Quebec, Cascades has grown from a paper mill using recycled materials into an integrated manufacturer serving customers across Canada and the United States.