Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Declines By 16.1%

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

Rocky Mountain Chocolate Factory Trading Down 0.4 %

Shares of NASDAQ:RMCF traded down $0.01 during mid-day trading on Wednesday, hitting $1.35. 14,376 shares of the company traded hands, compared to its average volume of 28,662. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. The firm’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $2.20. Rocky Mountain Chocolate Factory has a 52-week low of $1.35 and a 52-week high of $3.95.

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

Institutional Trading of Rocky Mountain Chocolate Factory

Hedge funds have recently made changes to their positions in the stock. 4WEALTH Advisors Inc. acquired a new stake in Rocky Mountain Chocolate Factory in the fourth quarter worth $225,000. Wealthedge Investment Advisors LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth about $95,000. Finally, CacheTech Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $43,000. Institutional investors own 50.27% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started 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.