Orchids Paper Products Company (NYSEMKT:TIS) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,933,950 shares, a decrease of 2.6% from the October 13th total of 1,985,744 shares. Based on an average daily volume of 93,814 shares, the days-to-cover ratio is currently 20.6 days. Currently, 20.5% of the shares of the stock are short sold.

Orchids Paper Products (TIS) traded up $0.08 during mid-day trading on Monday, hitting $12.88. 65,556 shares of the stock traded hands, compared to its average volume of 85,922. Orchids Paper Products has a twelve month low of $8.31 and a twelve month high of $30.38.

Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its position in shares of 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 purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers grew its position in shares of 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 purchasing an additional 646 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Orchids Paper Products in the second quarter valued at approximately $131,000. Bank of America Corp DE lifted its stake in shares of Orchids Paper Products by 61.2% during the first quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock valued at $132,000 after buying an additional 2,080 shares during the period. Finally, Wilen Investment Management CORP. lifted its stake in shares of Orchids Paper Products by 20.5% during the second quarter. Wilen Investment Management CORP. now owns 10,571 shares of the basic materials company’s stock valued at $132,000 after buying an additional 1,800 shares during the period.

Several research firms have recently commented on TIS. ValuEngine upgraded shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet lowered shares of Orchids Paper Products from a “c” rating to a “d+” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.

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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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