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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 65,699 shares, an increase of 131.8% from the December 15th total of 28,341 shares. Based on an average daily volume of 54,699 shares, the short-interest ratio is presently 1.2 days. Currently, 1.5% of the company’s stock are short sold. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 54,699 shares, the short-interest ratio is presently 1.2 days.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF traded up $0.04 during mid-day trading on Friday, hitting $2.00. 25,254 shares of the company’s stock traded hands, compared to its average volume of 48,318. The firm has a market capitalization of $18.70 million, a price-to-earnings ratio of -3.85 and a beta of 0.71. The firm has a 50 day moving average of $1.73 and a two-hundred day moving average of $1.67. The company has a current ratio of 1.66, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Rocky Mountain Chocolate Factory has a 12 month low of $1.12 and a 12 month high of $2.25.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,567 shares of the company’s stock after acquiring an additional 8,172 shares during the period. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. Institutional investors own 50.27% of the company’s stock.

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.