Short Interest in Cascades Inc. (OTCMKTS:CADNF) Declines By 20.3%

Cascades Inc. (OTCMKTS:CADNF) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 920,400 shares, a decrease of 20.3% from the January 15th total of 1,154,400 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 129.6 days.

Cascades Stock Performance

Shares of CADNF stock opened at $9.08 on Monday. The stock has a 50 day moving average of $8.56 and a two-hundred day moving average of $7.83. Cascades has a 12 month low of $6.50 and a 12 month high of $10.84.

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.