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

Orchids Paper Products (NYSEAMERICAN:TIS) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,850,504 shares, a drop of 5.0% from the November 15th total of 1,948,520 shares. Currently, 19.6% of the shares of the company are short sold. Based on an average trading volume of 71,592 shares, the short-interest ratio is presently 25.8 days.

TIS has been the subject of several research reports. ValuEngine downgraded shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, TheStreet upgraded shares of Orchids Paper Products from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Crawford Investment Counsel Inc. increased its holdings in shares of Orchids Paper Products by 38.5% during the second quarter. Crawford Investment Counsel Inc. now owns 173,180 shares of the basic materials company’s stock worth $2,243,000 after purchasing an additional 48,107 shares during the period. Rutabaga Capital Management LLC MA increased its holdings in shares of Orchids Paper Products by 46.2% during the second quarter. Rutabaga Capital Management LLC MA now owns 300,636 shares of the basic materials company’s stock worth $3,893,000 after purchasing an additional 95,026 shares during the period. Walthausen & Co. LLC increased its holdings in shares of Orchids Paper Products by 146.4% during the second quarter. Walthausen & Co. LLC now owns 311,670 shares of the basic materials company’s stock worth $4,036,000 after purchasing an additional 185,170 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Orchids Paper Products by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 402,040 shares of the basic materials company’s stock worth $9,649,000 after purchasing an additional 2,715 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Orchids Paper Products during the second quarter worth approximately $549,000.

Orchids Paper Products (TIS) opened at $12.78 on Tuesday. Orchids Paper Products has a fifty-two week low of $8.31 and a fifty-two week high of $30.38.

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About Orchids Paper Products

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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