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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 570,536 shares, an increase of 480.1% from the July 30th total of 98,358 shares. Approximately 8.1% of the company’s shares are short sold. Based on an average trading volume of 20,500,874 shares, the short-interest ratio is currently 0.0 days.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF opened at $1.11 on Wednesday. The firm has a market capitalization of $10.48 million, a P/E ratio of -1.82 and a beta of 0.69. Rocky Mountain Chocolate Factory has a 1-year low of $0.66 and a 1-year high of $2.99. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.13 and a quick ratio of 0.65. The business’s 50-day simple moving average is $1.10 and its 200-day simple moving average is $1.86.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

Institutional Trading of Rocky Mountain Chocolate Factory

Large investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $134,000. DRW Securities LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth about $235,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory in the first quarter worth about $215,000. Dimensional Fund Advisors LP grew its stake in shares of 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 in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory in the second quarter valued at about $36,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.