Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 131.8% in December

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 65,699 shares, a growth of 131.8% from the December 15th total of 28,341 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 54,699 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 54,699 shares, the short-interest ratio is presently 1.2 days. Approximately 1.5% of the company’s stock are short sold.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. acquired 61,670 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average cost of $1.59 per share, with a total value of $98,055.30. Following the transaction, the insider owned 1,923,396 shares in the company, valued at approximately $3,058,199.64. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Richart Geygan bought 61,670 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average price of $1.59 per share, with a total value of $98,055.30. Following the purchase, the chief executive officer owned 1,744,568 shares of the company’s stock, valued at approximately $2,773,863.12. This represents a 3.66% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 228,830 shares of company stock worth $373,456. 42.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

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 its most recent filing with the Securities and Exchange Commission. The fund owned 23,567 shares of the company’s stock after purchasing an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent filing with the Securities and Exchange Commission. 50.27% of the stock is currently owned by institutional investors.

Rocky Mountain Chocolate Factory Stock Performance

Rocky Mountain Chocolate Factory stock traded up $0.02 during mid-day trading on Thursday, reaching $2.01. 6,932 shares of the company were exchanged, compared to its average volume of 48,674. The firm’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $1.67. Rocky Mountain Chocolate Factory has a twelve month low of $1.12 and a twelve month high of $2.25. The firm has a market cap of $15.64 million, a PE ratio of -3.86 and a beta of 0.71. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 1.53.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 61.05% and a negative net margin of 13.62%.

Wall Street Analysts Forecast Growth

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

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.