Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Sees Large Increase in Short Interest

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 63,945 shares, an increase of 68.5% from the August 31st total of 37,960 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 33,783 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

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

Rocky Mountain Chocolate Factory Stock Up 2.3%

NASDAQ:RMCF traded up $0.02 during trading hours on Wednesday, reaching $0.83. The company’s stock had a trading volume of 35,955 shares, compared to its average volume of 30,804. The company has a market cap of $7.84 million, a price-to-earnings ratio of -1.37 and a beta of 0.74. Rocky Mountain Chocolate Factory has a one year low of $0.66 and a one year high of $2.99. The business’s 50-day moving average is $0.99 and its 200-day moving average is $1.57. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.13 and a quick ratio of 0.65.

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

Institutional Trading of Rocky Mountain Chocolate Factory

A number of institutional investors and hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 1st quarter worth $215,000. American Capital Advisory LLC grew its position in shares of Rocky Mountain Chocolate Factory by 90.6% in the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after purchasing an additional 64,108 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory in the second quarter valued at about $36,000. Susquehanna International Group LLP bought a new position in shares of Rocky Mountain Chocolate Factory in the second quarter worth about $30,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Rocky Mountain Chocolate Factory by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after purchasing an additional 10,572 shares during the last quarter. 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 confectionery company that manufactures and sells premium chocolate and other candy products under the Rocky Mountain Chocolate Factory brand. Its product range includes chocolates, truffles, caramels, fudge, toffee, chocolate-covered treats and its signature caramel apples.

Founded in 1981 by Frank Crail, the company is headquartered in Durango, Colorado. It distributes its products through a network of franchised and licensed retail stores, as well as wholesale and other sales channels.