Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Declines By 38.7%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 28,341 shares, a decline of 38.7% from the November 30th total of 46,213 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 17,977 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 17,977 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are sold short.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock opened at $1.94 on Friday. The company’s 50 day moving average price is $1.66 and its two-hundred day moving average price is $1.61. The stock has a market cap of $15.13 million, a P/E ratio of -3.18 and a beta of 0.71. Rocky Mountain Chocolate Factory has a 52 week low of $1.12 and a 52 week high of $3.18. The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, October 14th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $6.82 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 15.77% and a negative return on equity of 63.75%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Transactions at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. purchased 61,670 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the transaction, the insider owned 1,923,396 shares of the company’s stock, valued at approximately $3,058,199.64. The trade was a 3.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Richart Geygan bought 61,670 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the transaction, the chief executive officer owned 1,744,568 shares of the company’s stock, valued at approximately $2,773,863.12. The trade was a 3.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 228,830 shares of company stock valued at $373,456. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.