Orchids Paper Products Company (NYSE:TIS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 1,077,518 shares, a growth of 3.6% from the August 31st total of 1,039,594 shares. Based on an average daily volume of 63,557 shares, the days-to-cover ratio is currently 17.0 days. Approximately 11.5% of the shares of the company are sold short.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of Orchids Paper Products Company by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,555 shares of the company’s stock valued at $162,000 after buying an additional 20 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Orchids Paper Products Company during the second quarter valued at approximately $219,000. Spark Investment Management LLC purchased a new stake in shares of Orchids Paper Products Company during the second quarter valued at approximately $259,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Orchids Paper Products Company during the second quarter valued at approximately $327,000. Finally, RidgeWorth Capital Management LLC purchased a new stake in shares of Orchids Paper Products Company during the second quarter valued at approximately $405,000.

Shares of Orchids Paper Products Company (NYSE:TIS) opened at 27.05 on Wednesday. The firm has a 50-day moving average of $27.92 and a 200 day moving average of $30.58. Orchids Paper Products Company has a 52 week low of $24.65 and a 52 week high of $36.31. The firm has a market cap of $278.51 million and a PE ratio of 17.06.

Orchids Paper Products Company (NYSE:TIS) last announced its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.09. The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $47.11 million. Orchids Paper Products Company’s quarterly revenue was down 6.9% on a year-over-year basis. Equities research analysts predict that Orchids Paper Products Company will post $1.37 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Orchids Paper Products Company from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.

About Orchids Paper Products Company

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 an array of private label products across the value, premium and ultra-premium market segments.

5 Day Chart for NYSE:TIS

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