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

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

Several institutional investors and hedge funds have recently bought and sold shares of TIS. Rhumbline Advisers raised its stake in shares of Orchids Paper Products by 6.8% during the second quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 646 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Orchids Paper Products by 16.0% during the second quarter. Neuberger Berman Group LLC now owns 10,150 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 1,400 shares during the period. Icon Advisers Inc. Co. purchased a new stake in shares of Orchids Paper Products during the second quarter valued at approximately $131,000. TIAA CREF Investment Management LLC raised its stake in shares of Orchids Paper Products by 4.7% during the second quarter. TIAA CREF Investment Management LLC now owns 24,304 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 1,090 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Orchids Paper Products during the second quarter valued at approximately $549,000.

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

Shares of Orchids Paper Products (NYSEAMERICAN:TIS) opened at $14.29 on Thursday. The stock has a market cap of $145.28, a P/E ratio of 357.25 and a beta of 1.06. Orchids Paper Products has a 12 month low of $8.31 and a 12 month 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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