Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Increases By 57.6%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,622 shares, a growth of 57.6% from the January 15th total of 12,454 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 96,523 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 96,523 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Institutional investors have recently bought and sold shares of the company. DRW Securities LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter worth approximately $235,000. American Capital Advisory LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth $134,000. Finally, Salvus Wealth Management LLC increased its position in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the last quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.

Rocky Mountain Chocolate Factory Price Performance

RMCF stock traded down $0.15 during mid-day trading on Friday, reaching $2.76. The company’s stock had a trading volume of 43,366 shares, compared to its average volume of 84,172. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $2.05 and its two-hundred day moving average is $1.76. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.12 and a fifty-two week high of $2.99. The stock has a market cap of $25.75 million, a PE ratio of -5.31 and a beta of 0.73.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, January 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.

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.