Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Declines By 93.3%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 37,960 shares, a decrease of 93.3% from the August 15th total of 570,536 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 213,377 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Rocky Mountain Chocolate Factory during the second quarter valued at about $30,000. GSA Capital Partners LLP bought a new stake in shares of Rocky Mountain Chocolate Factory in the second quarter valued at approximately $36,000. Dimensional Fund Advisors LP lifted its stake in shares of Rocky Mountain Chocolate Factory by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after buying an additional 10,572 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at approximately $215,000. Finally, DRW Securities LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $235,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Performance

RMCF traded up $0.00 during midday trading on Thursday, reaching $0.91. The company had a trading volume of 34,044 shares, compared to its average volume of 487,484. Rocky Mountain Chocolate Factory has a 12-month low of $0.66 and a 12-month high of $2.99. The business has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.72. The stock has a market cap of $8.56 million, a PE ratio of -1.49 and a beta of 0.74. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.65 and a current ratio of 1.13.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($0.12) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 19.84% and a negative return on equity of 100.52%. The firm had revenue of $6.11 million during the quarter.

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.