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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 15,100 shares, a decline of 16.1% from the February 13th total of 18,000 shares. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Rocky Mountain Chocolate Factory

Hedge funds have recently made changes to their positions in the company. Wealthedge Investment Advisors LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $95,000. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $225,000. Finally, CacheTech Inc. bought a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at $43,000. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Price Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $1.26 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $1.82 and its 200 day moving average is $2.19. Rocky Mountain Chocolate Factory has a 1 year low of $1.25 and a 1 year high of $3.95.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Rocky Mountain Chocolate Factory in a report on Tuesday. They issued a “hold” rating on the stock.

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.