Orchids Paper Products (NYSEAMERICAN:TIS) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 1,850,504 shares, a drop of 5.0% from the November 15th total of 1,948,520 shares. Based on an average daily trading volume, of 71,592 shares, the days-to-cover ratio is presently 25.8 days. Approximately 19.6% of the shares of the stock are sold short.

A number of hedge funds have recently added to or reduced their stakes in TIS. Vanguard Group Inc. increased its holdings in shares of Orchids Paper Products by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 418,414 shares of the basic materials company’s stock worth $10,042,000 after buying an additional 1,808 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Orchids Paper Products by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 68,731 shares of the basic materials company’s stock worth $1,649,000 after buying an additional 1,817 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Orchids Paper Products by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 402,040 shares of the basic materials company’s stock worth $9,649,000 after buying an additional 2,715 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Orchids Paper Products by 61.2% during the 1st quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock worth $132,000 after buying an additional 2,080 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Orchids Paper Products by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock worth $131,000 after buying an additional 646 shares during the last quarter.

Shares of Orchids Paper Products (NYSEAMERICAN:TIS) opened at $12.47 on Friday. Orchids Paper Products has a 1-year low of $8.31 and a 1-year high of $30.38.

A number of analysts have commented on the stock. 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 downgraded shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Finally, ValuEngine upgraded shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

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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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