Orchids Paper Products (TIS) Sees Significant Decrease in Short Interest

Orchids Paper Products (NYSEAMERICAN:TIS) was the recipient of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 1,676,222 shares, a decrease of 3.0% from the December 15th total of 1,728,711 shares. Approximately 17.8% of the shares of the company are sold short. Based on an average trading volume of 80,664 shares, the days-to-cover ratio is presently 20.8 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Rutabaga Capital Management LLC MA raised its position in shares of Orchids Paper Products by 46.2% in the second quarter. Rutabaga Capital Management LLC MA now owns 300,636 shares of the basic materials company’s stock valued at $3,893,000 after purchasing an additional 95,026 shares during the period. Walthausen & Co. LLC raised its position in shares of Orchids Paper Products by 34.9% in the third quarter. Walthausen & Co. LLC now owns 420,390 shares of the basic materials company’s stock valued at $5,919,000 after purchasing an additional 108,720 shares during the period. GSA Capital Partners LLP bought a new position in shares of Orchids Paper Products in the third quarter valued at about $1,262,000. Northern Trust Corp raised its position in shares of Orchids Paper Products by 62.2% in the second quarter. Northern Trust Corp now owns 174,601 shares of the basic materials company’s stock valued at $2,261,000 after purchasing an additional 66,977 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Orchids Paper Products in the second quarter valued at about $549,000.

Several analysts have issued reports on TIS shares. TheStreet raised shares of Orchids Paper Products from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, ValuEngine raised shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.

Orchids Paper Products (TIS) opened at $14.43 on Friday. The firm has a market cap of $150.49, a PE ratio of 360.75 and a beta of 1.06. Orchids Paper Products has a 1 year low of $8.31 and a 1 year high of $30.38.

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Orchids Paper Products Company Profile

Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers a range of private label products across the value, premium and ultra-premium market segments.

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