Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 169.0% in May

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 24,029 shares, a growth of 169.0% from the April 30th total of 8,934 shares. Based on an average daily trading volume, of 70,169 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF traded down $0.02 during trading hours on Friday, reaching $1.97. The company’s stock had a trading volume of 35,566 shares, compared to its average volume of 52,797. The stock has a market cap of $18.38 million, a PE ratio of -3.79 and a beta of 0.70. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.16 and a fifty-two week high of $2.99. The company’s 50-day moving average is $2.25 and its two-hundred day moving average is $2.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Friday, May 29th. The company reported ($0.41) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The company had revenue of $6.76 million for the quarter.

Insider Activity

In other Rocky Mountain Chocolate Factory news, major shareholder Heritage Railways In American sold 50,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider directly owned 860,000 shares in the company, valued at approximately $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Allen C. Harper sold 50,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider owned 860,000 shares in the company, valued at $2,107,000. The trade was a 5.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 212,230 shares of company stock worth $526,028 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. American Capital Advisory LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at $134,000. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory during the first quarter valued at $215,000. Finally, DRW Securities LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at $235,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a report on Monday, March 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Rocky Mountain Chocolate Factory currently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

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.