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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 12,908 shares, a decline of 34.2% from the January 29th total of 19,622 shares. Based on an average trading volume of 70,485 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 70,485 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at $235,000. American Capital Advisory LLC purchased a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at about $134,000. Finally, Salvus Wealth Management LLC increased its stake in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock traded down $0.07 during midday trading on Friday, reaching $2.55. 19,058 shares of the company were exchanged, compared to its average volume of 61,248. The company has a market capitalization of $23.79 million, a price-to-earnings ratio of -4.90 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. The firm’s 50-day simple moving average is $2.24 and its 200-day simple moving average is $1.83. Rocky Mountain Chocolate Factory has a 1 year low of $1.12 and a 1 year high of $2.99.

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. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The firm had revenue of $7.54 million for the quarter.

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.