Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Update

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant drop in short interest in the month of 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. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 213,377 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Rocky Mountain Chocolate Factory

Several institutional investors have recently bought and sold shares of RMCF. Thompson Davis & CO. Inc. purchased a new position in Rocky Mountain Chocolate Factory in the first quarter worth about $215,000. American Capital Advisory LLC increased its position in shares of Rocky Mountain Chocolate Factory by 90.6% during the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after acquiring an additional 64,108 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Rocky Mountain Chocolate Factory by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after acquiring an additional 10,572 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Rocky Mountain Chocolate Factory in the 2nd quarter worth approximately $30,000. Finally, DRW Securities LLC purchased a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $235,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Rocky Mountain Chocolate Factory Stock Down 1.1%

Shares of RMCF traded down $0.01 during mid-day trading on Friday, reaching $0.90. The company had a trading volume of 13,601 shares, compared to its average volume of 272,369. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.65 and a current ratio of 1.13. The company has a market capitalization of $8.47 million, a price-to-earnings ratio of -1.47 and a beta of 0.74. The firm has a 50-day moving average price of $1.03 and a 200 day moving average price of $1.71. Rocky Mountain Chocolate Factory has a 52 week low of $0.66 and a 52 week high of $2.99.

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

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.