Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Sees Significant Increase in Short Interest

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 18,000 shares, a growth of 42.9% from the January 31st total of 12,600 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned about 0.23% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Trading Down 2.5 %

NASDAQ RMCF traded down $0.04 during trading on Tuesday, hitting $1.57. 29,708 shares of the company’s stock traded hands, compared to its average volume of 27,133. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. The business has a 50 day moving average of $2.08 and a 200-day moving average of $2.23. Rocky Mountain Chocolate Factory has a 12-month low of $1.46 and a 12-month high of $4.19.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly 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%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory in a research report on Sunday. They issued a “hold” rating for the company.

Rocky Mountain Chocolate Factory Company Profile

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.