Orchids Paper Products (NYSEAMERICAN:TIS) dropped 20.7% during trading on Thursday . The company traded as low as $0.70 and last traded at $0.96. Approximately 1,067,062 shares were traded during trading, an increase of 235% from the average daily volume of 318,980 shares. The stock had previously closed at $1.21.
A number of large investors have recently made changes to their positions in TIS. Wells Fargo & Company MN boosted its holdings in shares of Orchids Paper Products by 96.3% during the first quarter. Wells Fargo & Company MN now owns 55,507 shares of the basic materials company’s stock worth $453,000 after purchasing an additional 27,225 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Orchids Paper Products during the second quarter worth $123,000. Paloma Partners Management Co acquired a new stake in shares of Orchids Paper Products during the second quarter worth $177,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Orchids Paper Products during the second quarter worth $144,000.
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Orchids Paper Products Company Profile (NYSEAMERICAN:TIS)
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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