Orchids Paper Products (TIS) Short Interest Update

Orchids Paper Products (NYSEAMERICAN:TIS) was the target of a significant drop in short interest in January. As of January 12th, there was short interest totalling 1,581,237 shares, a drop of 5.7% from the December 29th total of 1,676,222 shares. Currently, 16.7% of the shares of the stock are sold short. Based on an average daily volume of 65,179 shares, the short-interest ratio is presently 24.3 days.

A number of analysts recently weighed in on TIS shares. Zacks Investment Research lowered shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. TheStreet raised shares of Orchids Paper Products from a “d+” rating to a “c-” rating in a report on Thursday, November 30th.

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Orchids Paper Products by 6.8% in the second quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 646 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Orchids Paper Products by 4.7% in 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 acquiring an additional 1,090 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Orchids Paper Products by 16.0% in the second quarter. Neuberger Berman Group LLC now owns 10,150 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 1,400 shares during the last quarter. State Street Corp boosted its stake in Orchids Paper Products by 6.6% in the second quarter. State Street Corp now owns 221,885 shares of the basic materials company’s stock valued at $2,870,000 after acquiring an additional 13,834 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its stake in Orchids Paper Products by 73.3% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 52,000 shares of the basic materials company’s stock valued at $732,000 after acquiring an additional 22,000 shares during the last quarter.

Orchids Paper Products (NYSEAMERICAN TIS) opened at $15.23 on Thursday. Orchids Paper Products has a 52 week low of $8.31 and a 52 week high of $30.38. The stock has a market cap of $158.84, a P/E ratio of 380.75 and a beta of 1.06.

Orchids Paper Products (NYSEAMERICAN:TIS) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Orchids Paper Products had a net margin of 1.56% and a return on equity of 2.19%.

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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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