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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large growth in short interest during 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. Currently, 1.5% of the company’s shares 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. Currently, 1.5% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Insider Activity at Rocky Mountain Chocolate Factory

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

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC lifted its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the quarter. 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 hedge funds and other institutional investors.

Rocky Mountain Chocolate Factory Stock Down 7.9%

Shares of NASDAQ RMCF traded down $0.17 during midday trading on Wednesday, hitting $1.97. The company’s stock had a trading volume of 17,404 shares, compared to its average volume of 49,610. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.53 and a quick ratio of 0.91. The firm has a market capitalization of $15.37 million, a price-to-earnings ratio of -3.23 and a beta of 0.71. The business’s fifty day simple moving average is $1.71 and its two-hundred day simple moving average is $1.67. Rocky Mountain Chocolate Factory has a 1 year low of $1.12 and a 1 year high of $2.60.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

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.