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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 19,622 shares, an increase of 57.6% from the January 15th total of 12,454 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 96,523 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 96,523 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently bought and sold shares of RMCF. Salvus Wealth Management LLC lifted its holdings in 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 buying an additional 8,172 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $134,000. Finally, DRW Securities LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $235,000. 50.27% of the stock is owned by institutional investors.

Rocky Mountain Chocolate Factory Stock Down 5.2%

Shares of NASDAQ:RMCF opened at $2.76 on Friday. The firm has a market cap of $25.76 million, a PE ratio of -5.31 and a beta of 0.73. The company has a fifty day simple moving average of $2.05 and a 200 day simple moving average of $1.76. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. Rocky Mountain Chocolate Factory has a 12-month low of $1.12 and a 12-month high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted 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 net margin of 13.62% and a negative return on equity of 62.48%.

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.