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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 12,908 shares, a decrease of 34.2% from the January 29th total of 19,622 shares. Based on an average daily volume of 70,485 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 70,485 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds have recently made changes to their positions in RMCF. Salvus Wealth Management LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $134,000. Finally, DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Trading Down 2.7%

Shares of RMCF stock traded down $0.07 on Friday, reaching $2.55. 19,058 shares of the stock were exchanged, compared to its average volume of 61,248. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. The stock has a market cap of $23.79 million, a P/E ratio of -4.90 and a beta of 0.73. The firm has a 50 day moving average of $2.24 and a two-hundred day moving average of $1.83. Rocky Mountain Chocolate Factory has a 1-year low of $1.12 and a 1-year high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%.

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.