Cascades Inc. (OTCMKTS:CADNF) Short Interest Update

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a significant decrease in short interest in 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 trading volume of 71,064 shares, the short-interest ratio is currently 10.3 days.

Analyst Ratings Changes

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

Cascades Price Performance

Cascades stock traded down $0.11 during midday trading on Friday, hitting $11.85. 28,715 shares of the company’s stock were exchanged, compared to its average volume of 38,141. The stock has a 50-day moving average price of $9.94 and a two-hundred day moving average price of $8.86. Cascades has a 52-week low of $6.54 and a 52-week high of $12.94.

Cascades Company Profile

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.