Orchids Paper Products Company (NYSE:TIS) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,154,140 shares, a growth of 7.1% from the September 15th total of 1,077,518 shares. Based on an average daily trading volume, of 73,987 shares, the short-interest ratio is presently 15.6 days. Approximately 12.3% of the company’s shares are sold short.
Separately, Zacks Investment Research cut shares of Orchids Paper Products Company from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
Shares of Orchids Paper Products Company (NYSE:TIS) opened at 27.07 on Friday. Orchids Paper Products Company has a 12 month low of $24.65 and a 12 month high of $36.31. The firm’s 50-day moving average is $27.77 and its 200 day moving average is $30.50. The stock has a market cap of $278.71 million and a PE ratio of 17.07.
Orchids Paper Products Company (NYSE:TIS) last released its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by $0.09. The firm had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $47.11 million. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts predict that Orchids Paper Products Company will post $1.37 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its position in 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 during the period. Oppenheimer & Co. Inc. bought a new position in Orchids Paper Products Company during the second quarter valued at approximately $219,000. Spark Investment Management LLC bought a new position in Orchids Paper Products Company during the second quarter valued at approximately $259,000. Cambridge Investment Research Advisors Inc. bought a new position in Orchids Paper Products Company during the second quarter valued at approximately $327,000. Finally, RidgeWorth Capital Management LLC bought a new position in Orchids Paper Products Company during the second quarter valued at approximately $405,000.
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.
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