Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Increases By 204.4%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 46,733 shares, a growth of 204.4% from the June 15th total of 15,350 shares. Based on an average daily volume of 274,702 shares, the short-interest ratio is currently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF traded up $0.04 during trading hours on Wednesday, reaching $1.06. The stock had a trading volume of 7,961 shares, compared to its average volume of 66,803. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.69 and a current ratio of 1.29. Rocky Mountain Chocolate Factory has a 12 month low of $0.84 and a 12 month high of $2.99. The stock has a market capitalization of $10.05 million, a PE ratio of -2.01 and a beta of 0.70. The company’s 50-day moving average is $1.68 and its two-hundred day moving average is $2.08.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Tuesday, July 14th. The company reported ($0.12) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 16.58% and a negative return on equity of 75.71%. The firm had revenue of $6.11 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rocky Mountain Chocolate Factory presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the transaction, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This trade represents a 5.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Heritage Railways In American sold 50,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the sale, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 171,800 shares of company stock worth $420,910. Company insiders own 25.18% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of institutional investors and hedge funds have recently bought and sold shares of RMCF. DRW Securities LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth about $235,000. Thompson Davis & CO. Inc. bought a new stake in Rocky Mountain Chocolate Factory in the first quarter valued at approximately $215,000. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $134,000. Finally, Dimensional Fund Advisors LP increased its position in 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 valued at $213,000 after purchasing an additional 10,572 shares during the period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.