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 the month of November. As of November 15th, there was short interest totalling 50,400 shares, a growth of 35.5% from the October 31st total of 37,200 shares. Based on an average trading volume of 43,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory in a research note on Tuesday, November 26th. They issued a “hold” rating for the company.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. bought 23,700 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of $2.14 per share, for a total transaction of $50,718.00. Following the completion of the acquisition, the insider now owns 1,251,483 shares in the company, valued at approximately $2,678,173.62. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 424,094 shares of company stock worth $1,137,016 in the last ninety days. 20.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Stock Up 1.3 %

Shares of NASDAQ:RMCF traded up $0.04 during trading on Friday, hitting $2.70. The stock had a trading volume of 6,646 shares, compared to its average volume of 30,777. The firm’s fifty day moving average is $2.44 and its 200 day moving average is $2.26. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The firm had revenue of $6.38 million during the quarter.

About Rocky Mountain Chocolate Factory

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.