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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 18,000 shares, an increase of 42.9% from the January 31st total of 12,600 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. CacheTech Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned 0.23% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 50.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a research report on Sunday. They issued a “hold” rating for the company.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF traded down $0.04 during trading hours on Tuesday, reaching $1.57. 29,708 shares of the company’s stock traded hands, compared to its average volume of 27,133. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a 52-week low of $1.46 and a 52-week high of $4.19. The firm has a 50-day simple moving average of $2.08 and a 200 day simple moving average of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.