Cascades Inc. (OTCMKTS:CADNF – Get Free Report) was the recipient of a large decrease in short interest during the month of 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 daily trading volume, of 71,064 shares, the short-interest ratio is presently 10.3 days.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CADNF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Cascades in a report on Monday, August 10th. Scotiabank reissued an “outperform” rating on shares of Cascades in a research note on Friday, August 14th. TD Securities reaffirmed 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 note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Report on CADNF
Cascades Stock Down 0.9%
About Cascades
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.
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