Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 204.4% in June

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 46,733 shares, an increase of 204.4% from the June 15th total of 15,350 shares. Based on an average daily volume of 274,702 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Stock Report on RMCF

Insider Activity

In other news, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2.45, for a total value of $122,500.00. Following the transaction, the insider owned 860,000 shares of the company’s stock, valued at $2,107,000. The trade was a 5.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the transaction, the insider directly owned 860,000 shares in the company, valued at $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 171,800 shares of company stock worth $420,910 in the last quarter. 25.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Rocky Mountain Chocolate Factory by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after buying an additional 10,572 shares during the last quarter. American Capital Advisory LLC boosted its position in shares of 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 worth $303,000 after acquiring an additional 64,108 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory during the 1st quarter worth about $215,000. Finally, DRW Securities LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at about $235,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Rocky Mountain Chocolate Factory Trading Down 3.8%

Shares of RMCF traded down $0.04 during trading on Tuesday, reaching $1.02. 25,111 shares of the company traded hands, compared to its average volume of 67,174. The stock has a 50-day simple moving average of $1.72 and a 200-day simple moving average of $2.09. The stock has a market cap of $9.63 million, a PE ratio of -1.92 and a beta of 0.70. Rocky Mountain Chocolate Factory has a twelve month low of $0.84 and a twelve month high of $2.99. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 1.26.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last released its quarterly earnings results on Friday, May 29th. The company reported ($0.38) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 75.71% and a negative net margin of 16.58%.The firm had revenue of $6.76 million for the quarter.

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

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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