Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 78.5% in July

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 83,431 shares, an increase of 78.5% from the June 30th total of 46,733 shares. Based on an average trading volume of 78,338 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short.

Rocky Mountain Chocolate Factory Stock Up 0.4%

Rocky Mountain Chocolate Factory stock traded up $0.00 during trading hours on Thursday, hitting $0.87. The stock had a trading volume of 1,244 shares, compared to its average volume of 64,631. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $8.20 million, a P/E ratio of -1.42 and a beta of 0.70. Rocky Mountain Chocolate Factory has a 12-month low of $0.84 and a 12-month high of $2.99. The stock’s 50-day moving average price is $1.37 and its 200-day moving average price is $2.01.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, July 14th. The company reported ($0.12) earnings per share (EPS) 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 firm had revenue of $6.11 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

Insider Activity

In other Rocky Mountain Chocolate Factory news, major shareholder Heritage Railways In American sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the transaction, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. This trade represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Allen C. Harper sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider directly owned 860,000 shares of the company’s stock, valued at $2,107,000. This represents a 5.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 171,800 shares of company stock worth $420,910 in the last three months. 25.18% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

Several institutional investors have recently added to or reduced their stakes in RMCF. American Capital Advisory LLC bought a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth $134,000. Dimensional Fund Advisors LP lifted 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 valued at $213,000 after purchasing an additional 10,572 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Rocky Mountain Chocolate Factory during the first quarter valued at $215,000. Finally, DRW Securities LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at $235,000. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.