Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Grows By 57.6%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 19,622 shares, an increase of 57.6% from the January 15th total of 12,454 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 96,523 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 96,523 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DRW Securities LLC purchased a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $235,000. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $134,000. Finally, Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory by 53.1% in the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after purchasing an additional 8,172 shares during the period. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Trading Down 5.2%

Rocky Mountain Chocolate Factory stock traded down $0.15 during midday trading on Monday, reaching $2.76. The stock had a trading volume of 43,366 shares, compared to its average volume of 84,529. Rocky Mountain Chocolate Factory has a twelve month low of $1.12 and a twelve month high of $2.99. The stock has a market capitalization of $25.75 million, a PE ratio of -5.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. The stock’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $1.76.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.

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.