Orchids Paper Products Company Short Interest Up 20.3% in May (TIS)
Posted by mitch on Jun 10th, 2015
The shorts were right about the reaction to the news about the capital raise, but they are wrong long term. TIS is investing in growth. YOY revenues will rise by the end of the year when the first of 3 new paper machines begins operations in the new South Carolina paper mill.
I took advantage ala` Buffett by buying once the news killed the PPS. I quadrupled my position.
Orchids Paper Products Company (NYSE:TIS) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totalling 458,629 shares, an increase of 20.3% from the May 15th total of 381,246 shares, AnalystRatings.NET reports. Currently, 5.1% of the company’s shares are short sold. Based on an average trading volume of 114,717 shares, the short-interest ratio is currently 4.0 days.
TIS has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Orchids Paper Products Company in a research note on Wednesday, June 3rd. They set a “buy” rating and a $29.00 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of Orchids Paper Products Company in a research note on Monday, May 4th. They set an “outperform” rating and a $27.00 price target on the stock. Analysts at Zacks reiterated a “strong sell” rating on shares of Orchids Paper Products Company in a research note on Friday, May 1st. Finally, analysts at TheStreet downgraded shares of Orchids Paper Products Company from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.13.
Orchids Paper Products Company (NYSE:TIS) opened at 22.88 on Wednesday. Orchids Paper Products Company has a 52 week low of $21.42 and a 52 week high of $32.75. The stock has a 50-day moving average of $22. and a 200-day moving average of $26.. The company has a market cap of $234.73 million and a price-to-earnings ratio of 24.58.
Orchids Paper Products Company (NYSE:TIS) last released its earnings data on Monday, April 20th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.11. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $40.00 million. Analysts expect that Orchids Paper Products Company will post $1.28 EPS for the current fiscal year.
Orchids Paper Products Company (NYSE:TIS) is an integrated manufacturer of tissue paper products serving the at home private label consumer market. The Company’s operations in northeast Oklahoma, produces a full line of tissue products, including paper towels, bathroom tissue and paper napkins, to serve the value through premium quality market segments.
