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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 12,454 shares, a decrease of 81.0% from the December 31st total of 65,699 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 50,930 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 50,930 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Rocky Mountain Chocolate Factory Stock Performance

RMCF stock traded up $0.06 during trading on Wednesday, hitting $2.47. 6,463 shares of the company’s stock traded hands, compared to its average volume of 67,836. The stock has a market capitalization of $23.05 million, a price-to-earnings ratio of -4.81 and a beta of 0.71. Rocky Mountain Chocolate Factory has a 52 week low of $1.12 and a 52 week high of $2.59. The stock has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $1.70. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC increased its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,567 shares of the company’s stock after acquiring an additional 8,172 shares during the period. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent reporting period. 50.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

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