Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get 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:RMCF – Get 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
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”.
Get Our Latest Report on Rocky Mountain Chocolate Factory
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.
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