Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Shares Shorted: Short Interest Up 68.5% in September

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 63,945 shares, a growth of 68.5% from the August 31st total of 37,960 shares. Based on an average daily volume of 33,783 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are sold short.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock traded up $0.05 during mid-day trading on Thursday, hitting $0.86. 39,974 shares of the company were exchanged, compared to its average volume of 1,185,952. The company has a market capitalization of $8.15 million, a PE ratio of -1.41 and a beta of 0.74. The business has a fifty day moving average of $0.98 and a 200 day moving average of $1.56. Rocky Mountain Chocolate Factory has a 1-year low of $0.66 and a 1-year high of $2.99. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 1.59.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Tuesday, July 14th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $6.11 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 100.52% and a negative net margin of 19.84%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP acquired a new stake in Rocky Mountain Chocolate Factory in the 2nd quarter valued at about $30,000. GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 2nd quarter valued at $36,000. Dimensional Fund Advisors LP boosted its holdings in Rocky Mountain Chocolate Factory by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after acquiring an additional 10,572 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in Rocky Mountain Chocolate Factory in the first quarter valued at about $215,000. Finally, American Capital Advisory LLC increased its position in Rocky Mountain Chocolate Factory by 90.6% in the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock worth $303,000 after purchasing an additional 64,108 shares during the period. 50.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is a confectionery company that manufactures and sells premium chocolate and other candy products under the Rocky Mountain Chocolate Factory brand. Its product range includes chocolates, truffles, caramels, fudge, toffee, chocolate-covered treats and its signature caramel apples.

Founded in 1981 by Frank Crail, the company is headquartered in Durango, Colorado. It distributes its products through a network of franchised and licensed retail stores, as well as wholesale and other sales channels.