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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 47,000 shares, an increase of 211.3% from the February 28th total of 15,100 shares. Based on an average daily trading volume, of 30,900 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 2.0 %

NASDAQ:RMCF opened at $1.23 on Friday. The business’s fifty day moving average price is $1.65 and its 200 day moving average price is $2.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. Rocky Mountain Chocolate Factory has a 1-year low of $1.22 and a 1-year high of $3.92.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors have recently modified their holdings of RMCF. 4WEALTH Advisors Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth $225,000. Wealthedge Investment Advisors LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $95,000. Finally, CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.