Orchids Paper Products (NYSEAMERICAN:TIS) was the target of a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,541,747 shares, an increase of 0.8% from the March 15th total of 1,529,750 shares. Based on an average daily volume of 91,180 shares, the short-interest ratio is currently 16.9 days. Currently, 15.9% of the company’s shares are short sold.
Shares of Orchids Paper Products stock opened at $7.62 on Thursday. Orchids Paper Products has a 52 week low of $7.25 and a 52 week high of $26.14.
Orchids Paper Products (NYSEAMERICAN:TIS) last posted its quarterly earnings data on Monday, March 5th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). The firm had revenue of $43.52 million during the quarter, compared to analysts’ expectations of $45.13 million. Orchids Paper Products had a net margin of 1.56% and a return on equity of 2.19%.
Separately, Zacks Investment Research raised Orchids Paper Products from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd.
COPYRIGHT VIOLATION WARNING: “Orchids Paper Products (TIS) Sees Large Increase in Short Interest” was first posted by Week Herald and is the property of of Week Herald. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://weekherald.com/2018/04/19/short-interest-in-orchids-paper-products-tis-expands-by-0-8.html.
About Orchids Paper Products
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 Colortex, My Size, Velvet, Big Mopper, Orchids Supreme, Clean Scents, and Tackle brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality.
Receive News & Ratings for Orchids Paper Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchids Paper Products and related companies with MarketBeat.com's FREE daily email newsletter.