Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Update

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 570,536 shares, a growth of 480.1% from the July 30th total of 98,358 shares. Based on an average daily volume of 20,500,874 shares, the short-interest ratio is presently 0.0 days. Approximately 8.1% of the shares of the stock are sold short.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently bought and sold shares of RMCF. Susquehanna International Group LLP purchased a new stake in Rocky Mountain Chocolate Factory in the 2nd quarter worth approximately $30,000. GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter worth $36,000. Dimensional Fund Advisors LP boosted its holdings in shares of Rocky Mountain Chocolate Factory by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after purchasing an additional 10,572 shares during the last quarter. American Capital Advisory LLC grew its position in shares of Rocky Mountain Chocolate Factory by 90.6% in the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after purchasing an additional 64,108 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory in the first quarter valued at $215,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Rocky Mountain Chocolate Factory Trading Down 5.1%

Shares of RMCF stock opened at $1.11 on Wednesday. The company has a market capitalization of $10.48 million, a price-to-earnings ratio of -1.82 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.86. Rocky Mountain Chocolate Factory has a twelve month low of $0.66 and a twelve month high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $6.11 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 100.52% and a negative net margin of 19.84%.

Rocky Mountain Chocolate Factory Company Profile

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.