Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Rises By 169.0%

by · The Markets Daily

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 24,029 shares, an increase of 169.0% from the April 30th total of 8,934 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 70,169 shares, the days-to-cover ratio is currently 0.3 days.

Rocky Mountain Chocolate Factory Stock Down 3.8%

Shares of RMCF traded down $0.08 during mid-day trading on Monday, hitting $1.90. 16,787 shares of the company traded hands, compared to its average volume of 46,586. The company has a market capitalization of $17.68 million, a PE ratio of -3.64 and a beta of 0.63. 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 business has a 50 day moving average of $2.25 and a 200 day moving average of $2.14. Rocky Mountain Chocolate Factory has a 1-year low of $1.16 and a 1-year high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last released its earnings results on Friday, May 29th. The company reported ($0.41) EPS for the quarter. The company had revenue of $6.76 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Monday, March 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rocky Mountain Chocolate Factory presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on RMCF

Insider Transactions at Rocky Mountain Chocolate Factory

In other news, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Monday, May 4th. The shares were 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 of the company’s stock, valued at $2,107,000. The trade was a 5.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Heritage Railways In American sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. This trade represents a 5.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 212,230 shares of company stock worth $526,028 over the last 90 days. Company insiders own 42.20% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of large investors have recently made changes to their positions in RMCF. American Capital Advisory LLC purchased a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth $134,000. Dimensional Fund Advisors LP increased its holdings in shares of Rocky Mountain Chocolate Factory by 12.6% in the first 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. Thompson Davis & CO. Inc. purchased a new position in shares of Rocky Mountain Chocolate Factory in the first quarter worth about $215,000. Finally, DRW Securities LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $235,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

(Get Free Report)

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.

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