Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Update

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 37,960 shares, a drop of 93.3% from the August 15th total of 570,536 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 213,377 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Institutional investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $235,000. Thompson Davis & CO. Inc. bought a new position in Rocky Mountain Chocolate Factory in the 1st quarter valued at approximately $215,000. American Capital Advisory LLC boosted its stake in Rocky Mountain Chocolate Factory by 90.6% during the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after purchasing an additional 64,108 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Rocky Mountain Chocolate Factory by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after purchasing an additional 10,572 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Rocky Mountain Chocolate Factory in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Rocky Mountain Chocolate Factory Stock Down 1.2%

Shares of RMCF traded down $0.01 during trading hours on Friday, hitting $0.90. The company had a trading volume of 3,731 shares, compared to its average volume of 1,279,003. The firm has a fifty day moving average price of $1.03 and a 200-day moving average price of $1.72. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.65 and a current ratio of 1.13. The stock has a market capitalization of $8.46 million, a price-to-earnings ratio of -1.47 and a beta of 0.74. Rocky Mountain Chocolate Factory has a 52-week low of $0.66 and a 52-week high of $2.99.

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

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.