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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 38,700 shares, a drop of 23.2% from the November 15th total of 50,400 shares. Based on an average trading volume of 44,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Rocky Mountain Chocolate Factory Trading Down 6.6 %

Shares of NASDAQ RMCF traded down $0.18 during midday trading on Monday, reaching $2.55. The company had a trading volume of 25,067 shares, compared to its average volume of 25,989. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $5.15. The firm’s fifty day moving average price is $2.62 and its 200-day moving average price is $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. purchased 23,700 shares of the company’s stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $2.14 per share, with a total value of $50,718.00. Following the completion of the purchase, the insider now directly owns 1,251,483 shares in the company, valued at approximately $2,678,173.62. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. This represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 424,094 shares of company stock valued at $1,137,016 in the last 90 days. Corporate insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission. 50.27% of the stock is owned by institutional investors and hedge funds.

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.