Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Update

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,300 shares, a drop of 62.3% from the January 15th total of 6,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is presently 0.1 days.

Rocky Mountain Chocolate Factory Trading Up 0.5 %

Shares of RMCF traded up $0.02 during mid-day trading on Monday, hitting $4.07. 39,677 shares of the company’s stock were exchanged, compared to its average volume of 21,682. Rocky Mountain Chocolate Factory has a fifty-two week low of $3.72 and a fifty-two week high of $5.99. The firm has a market capitalization of $25.72 million, a P/E ratio of -5.99 and a beta of 1.09. The business’s 50 day moving average is $4.41 and its two-hundred day moving average is $4.62.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last announced its earnings results on Wednesday, January 10th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $7.70 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 28.92% and a negative net margin of 14.88%.

Insiders Place Their Bets

In other news, major shareholder Global Value Investment Corp. acquired 74,841 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $4.09 per share, with a total value of $306,099.69. Following the completion of the acquisition, the insider now owns 1,020,004 shares in the company, valued at approximately $4,171,816.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 92,696 shares of company stock valued at $379,820. 14.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds have recently added to or reduced their stakes in RMCF. Salvus Wealth Management LLC acquired a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $53,000. Leverty Financial Group LLC acquired a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $54,000. Citadel Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory in the third quarter valued at about $62,000. International Assets Investment Management LLC lifted its position in Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after purchasing an additional 11,160 shares during the period. Finally, BlackRock Inc. lifted its position in Rocky Mountain Chocolate Factory by 20.2% in the second quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock valued at $70,000 after purchasing an additional 2,182 shares during the period. Institutional investors and hedge funds own 44.44% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory in a research note on Monday. They set a “hold” rating for the company.

View Our Latest Stock Analysis on RMCF

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.

Further Reading

Receive News & Ratings for Rocky Mountain Chocolate Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Chocolate Factory and related companies with MarketBeat.com's FREE daily email newsletter.