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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 63,945 shares, a growth of 68.5% from the August 31st total of 37,960 shares. Based on an average trading volume of 33,783 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

Institutional Trading of Rocky Mountain Chocolate Factory

Several institutional investors have recently bought and sold shares of RMCF. Susquehanna International Group LLP bought a new stake in Rocky Mountain Chocolate Factory in the second quarter valued at $30,000. GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 2nd quarter valued at $36,000. Dimensional Fund Advisors LP grew its holdings in shares of Rocky Mountain Chocolate Factory by 12.6% in the 1st 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 increased its position in shares of Rocky Mountain Chocolate Factory by 90.6% during the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock worth $303,000 after purchasing an additional 64,108 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 1st quarter worth about $215,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF traded up $0.02 during trading hours on Wednesday, reaching $0.83. The stock had a trading volume of 35,955 shares, compared to its average volume of 30,804. The business’s fifty day moving average is $0.99 and its two-hundred day moving average is $1.57. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.13 and a quick ratio of 0.65. The company has a market cap of $7.84 million, a price-to-earnings ratio of -1.37 and a beta of 0.74. 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 posted its quarterly earnings results on Tuesday, July 14th. The company reported ($0.12) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 100.52% and a negative net margin of 19.84%.The business had revenue of $6.11 million for the quarter.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a confectionery company that manufactures and sells premium chocolate and other candy products under the Rocky Mountain Chocolate Factory brand. Its product range includes chocolates, truffles, caramels, fudge, toffee, chocolate-covered treats and its signature caramel apples.

Founded in 1981 by Frank Crail, the company is headquartered in Durango, Colorado. It distributes its products through a network of franchised and licensed retail stores, as well as wholesale and other sales channels.