Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 78.5% in July

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 83,431 shares, a growth of 78.5% from the June 30th total of 46,733 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,338 shares, the days-to-cover ratio is currently 1.1 days.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $0.86 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.13 and a quick ratio of 0.65. The firm has a market cap of $8.12 million, a PE ratio of -1.41 and a beta of 0.70. The firm has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $2.00. Rocky Mountain Chocolate Factory has a 1-year low of $0.84 and a 1-year high of $2.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, July 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 100.52% and a negative net margin of 19.84%.The business had revenue of $6.11 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the completion of the transaction, the insider directly owned 860,000 shares of the company’s stock, valued at $2,107,000. The trade was a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Heritage Railways In American sold 50,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the transaction, the insider directly owned 860,000 shares of the company’s stock, valued at $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 25.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Institutional investors and hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. bought a new position in Rocky Mountain Chocolate Factory in the 1st quarter worth approximately $215,000. American Capital Advisory LLC raised its position in shares of Rocky Mountain Chocolate Factory by 90.6% during the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after buying an additional 64,108 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rocky Mountain Chocolate Factory by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after buying an additional 10,572 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth $235,000. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.