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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 570,536 shares, a growth of 480.1% from the July 30th total of 98,358 shares. Currently, 8.1% of the shares of the company are short sold. Based on an average daily trading volume, of 20,500,874 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in Rocky Mountain Chocolate Factory in the 2nd quarter worth about $30,000. GSA Capital Partners LLP bought a new position in Rocky Mountain Chocolate Factory during the 2nd quarter worth about $36,000. Dimensional Fund Advisors LP increased its holdings in Rocky Mountain Chocolate Factory by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after buying an additional 10,572 shares during the period. American Capital Advisory LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 90.6% in the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after acquiring an additional 64,108 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new position in Rocky Mountain Chocolate Factory in the first quarter valued at about $215,000. 50.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Rocky Mountain Chocolate Factory Trading Up 6.4%

Shares of NASDAQ RMCF traded up $0.07 during trading hours on Thursday, hitting $1.17. 125,171 shares of the company traded hands, compared to its average volume of 10,635,167. Rocky Mountain Chocolate Factory has a 12 month low of $0.66 and a 12 month high of $2.99. The stock has a market capitalization of $11.04 million, a price-to-earnings ratio of -1.92 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average price is $1.08 and its 200 day moving average price is $1.84.

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 for the quarter.

About Rocky Mountain Chocolate Factory

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.