Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 34.2% in February

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 12,908 shares, a drop of 34.2% from the January 29th total of 19,622 shares. Based on an average daily trading volume, of 70,485 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 70,485 shares, the days-to-cover ratio is currently 0.2 days.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ:RMCF traded up $0.01 during trading on Monday, hitting $2.56. 15,722 shares of the company traded hands, compared to its average volume of 58,095. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. The business’s fifty day moving average is $2.25 and its 200-day moving average is $1.84. The stock has a market capitalization of $23.88 million, a price-to-earnings ratio of -4.92 and a beta of 0.68. Rocky Mountain Chocolate Factory has a one year low of $1.12 and a one year high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data 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 62.48% and a negative net margin of 13.62%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several large investors have recently made changes to their positions in the company. Salvus Wealth Management LLC boosted its position in shares of Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after buying an additional 8,172 shares during the period. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $134,000. Finally, DRW Securities LLC bought a new stake in Rocky Mountain Chocolate Factory during the 4th quarter valued at $235,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.