Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Grows By 211.3%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 47,000 shares, a growth of 211.3% from the February 28th total of 15,100 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 30,900 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. CacheTech Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth $43,000. Wealthedge Investment Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter worth $95,000. Finally, 4WEALTH Advisors Inc. bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth about $225,000. 50.27% of the stock is owned by institutional investors.

Rocky Mountain Chocolate Factory Trading Up 0.8 %

Rocky Mountain Chocolate Factory stock traded up $0.01 during trading hours on Friday, reaching $1.27. 4,890 shares of the company were exchanged, compared to its average volume of 33,413. Rocky Mountain Chocolate Factory has a 12 month low of $1.22 and a 12 month high of $3.92. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $1.67 and a 200 day moving average of $2.17.

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

Analyst Ratings Changes

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

Rocky Mountain Chocolate Factory Company Profile

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.