Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Sees Large Decrease in Short Interest

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 12,454 shares, a decrease of 81.0% from the December 31st total of 65,699 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 50,930 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 50,930 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF remained flat at $2.45 during trading on Thursday. The stock had a trading volume of 74,398 shares, compared to its average volume of 75,068. The stock has a market capitalization of $22.87 million, a PE ratio of -4.71 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.70. Rocky Mountain Chocolate Factory has a 12 month low of $1.12 and a 12 month high of $2.60.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The business had revenue of $7.54 million for the quarter.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC lifted its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the period. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rocky Mountain Chocolate Factory presently has an average rating of “Sell”.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.