Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Sees Significant Growth in Short Interest

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 53,100 shares, a growth of 43.5% from the May 15th total of 37,000 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Rocky Mountain Chocolate Factory in a research note on Wednesday, May 21st. They set a “hold” rating for the company.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in shares of Rocky Mountain Chocolate Factory in the first quarter valued at $32,000. CacheTech Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth $43,000. Wealthedge Investment Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at about $95,000. Finally, 4WEALTH Advisors Inc. purchased a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $225,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF traded down $0.02 during trading hours on Monday, hitting $1.17. The company’s stock had a trading volume of 26,360 shares, compared to its average volume of 29,476. Rocky Mountain Chocolate Factory has a 52-week low of $1.12 and a 52-week high of $3.49. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.73.

Rocky Mountain Chocolate Factory Company Profile

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.