Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Sees Large Decline in Short Interest

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant decrease in short interest in 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 shares of the company are short sold. Based on an average trading volume of 50,930 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 50,930 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF traded up $0.09 during midday trading on Tuesday, hitting $2.41. The company had a trading volume of 184,142 shares, compared to its average volume of 55,231. The business has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average 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. The firm has a market capitalization of $22.49 million, a price-to-earnings ratio of -4.63 and a beta of 0.71. Rocky Mountain Chocolate Factory has a twelve month low of $1.12 and a twelve month high of $2.59.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its 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.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

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

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.