Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 57.6% in January

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,622 shares, a growth of 57.6% from the January 15th total of 12,454 shares. Based on an average daily volume of 96,523 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 96,523 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors have recently modified their holdings of RMCF. Salvus Wealth Management LLC grew its position in Rocky Mountain Chocolate Factory by 53.1% in the third 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 purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $134,000. Finally, DRW Securities LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Stock Performance

Rocky Mountain Chocolate Factory stock opened at $2.76 on Friday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.12 and a fifty-two week high of $2.99. The company has a market capitalization of $25.76 million, a price-to-earnings ratio of -5.31 and a beta of 0.73. The stock has a fifty day moving average of $2.05 and a two-hundred day moving average of $1.76. 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 Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $7.54 million during 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.