Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 204.4% in June

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 46,733 shares, an increase of 204.4% from the June 15th total of 15,350 shares. Based on an average daily volume of 274,702 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are short sold.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the transaction, the insider owned 860,000 shares of the company’s stock, valued at $2,107,000. The trade was a 5.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Heritage Railways In American sold 50,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total value of $122,500.00. Following the sale, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 171,800 shares of company stock worth $420,910 in the last three months. 25.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Rocky Mountain Chocolate Factory by 12.6% in the first 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 in the last quarter. American Capital Advisory LLC grew its stake in Rocky Mountain Chocolate Factory by 90.6% in the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock worth $303,000 after buying an additional 64,108 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Rocky Mountain Chocolate Factory in the 1st quarter worth approximately $215,000. Finally, DRW Securities LLC bought a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth $235,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rocky Mountain Chocolate Factory currently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF stock traded down $0.07 on Monday, reaching $1.06. The company’s stock had a trading volume of 42,218 shares, compared to its average volume of 67,457. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 1.26. Rocky Mountain Chocolate Factory has a 12-month low of $0.84 and a 12-month high of $2.99. The company has a market capitalization of $10.01 million, a P/E ratio of -1.99 and a beta of 0.70. The stock’s 50 day simple moving average is $1.75 and its 200-day simple moving average is $2.09.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Friday, May 29th. The company reported ($0.38) EPS for the quarter. The business had revenue of $6.76 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 75.71% and a negative net margin of 16.58%.

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.