Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Expands By 480.1%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant increase in short interest during 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. Currently, 8.1% of the shares of the company are sold short. Based on an average daily trading volume, of 20,500,874 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in shares of Rocky Mountain Chocolate Factory in the 2nd quarter valued at $30,000. GSA Capital Partners LLP acquired a new stake in shares of Rocky Mountain Chocolate Factory in the second quarter worth $36,000. American Capital Advisory LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth $134,000. Dimensional Fund Advisors LP raised its holdings in shares of Rocky Mountain Chocolate Factory by 12.6% during the first 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. Finally, Thompson Davis & CO. Inc. acquired a new position in Rocky Mountain Chocolate Factory during the first quarter valued at $215,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock traded down $0.04 during mid-day trading on Friday, reaching $1.14. The stock had a trading volume of 9,094 shares, compared to its average volume of 1,346,293. The business’s fifty day moving average is $1.08 and its 200-day moving average is $1.84. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The firm has a market cap of $10.71 million, a price-to-earnings ratio of -1.86 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.

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

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.