Orchids Paper Products (NYSEAMERICAN:TIS) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 954,515 shares, a decrease of 12.2% from the January 31st total of 1,087,742 shares. Currently, 9.9% of the company’s stock are sold short. Based on an average trading volume of 119,478 shares, the days-to-cover ratio is currently 8.0 days.
TIS opened at $1.19 on Thursday. Orchids Paper Products has a 52-week low of $0.60 and a 52-week high of $11.45.
An institutional investor recently bought a new position in Orchids Paper Products stock. D. E. Shaw & Co. Inc. acquired a new position in shares of Orchids Paper Products (NYSEAMERICAN:TIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,304 shares of the basic materials company’s stock, valued at approximately $42,000. D. E. Shaw & Co. Inc. owned about 0.42% of Orchids Paper Products as of its most recent filing with the Securities and Exchange Commission.
Orchids Paper Products Company manufactures and sells tissue products for at-home and away from home markets in the United States. Its products include paper towels, bathroom tissues, and paper napkins. The company offers its products under the Orchids Supreme, Clean Scents, Tackle, Colortex, My Size, Velvet, and Big Mopper brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality.
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