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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 37,960 shares, a drop of 93.3% from the August 15th total of 570,536 shares. Based on an average daily volume of 213,377 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are short sold.

Rocky Mountain Chocolate Factory Stock Up 0.5%

NASDAQ RMCF traded up $0.00 on Thursday, hitting $0.91. 34,044 shares of the company were exchanged, compared to its average volume of 487,484. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average of $1.03 and a 200-day moving average of $1.72. The company has a market cap of $8.56 million, a PE ratio of -1.49 and a beta of 0.74. Rocky Mountain Chocolate Factory has a 12 month low of $0.66 and a 12 month high of $2.99.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RMCF. Susquehanna International Group LLP bought a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter worth about $30,000. GSA Capital Partners LLP bought a new position in Rocky Mountain Chocolate Factory in the 2nd quarter valued at about $36,000. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 10,572 shares during the last quarter. American Capital Advisory LLC boosted its stake in Rocky Mountain Chocolate Factory by 90.6% during the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after purchasing an additional 64,108 shares during the last quarter. Finally, Thompson Davis & CO. Inc. bought a new stake in Rocky Mountain Chocolate Factory during the 1st quarter worth approximately $215,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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About Rocky Mountain Chocolate Factory

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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.

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