Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 81.0% in January

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 12,454 shares, a decline of 81.0% from the December 31st total of 65,699 shares. Based on an average daily volume of 50,930 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 50,930 shares, the days-to-cover ratio is currently 0.2 days.

Rocky Mountain Chocolate Factory Stock Performance

RMCF stock traded up $0.09 on Tuesday, reaching $2.41. 184,142 shares of the company were exchanged, compared to its average volume of 55,231. The firm has a market capitalization of $22.49 million, a PE ratio of -4.63 and a beta of 0.71. Rocky Mountain Chocolate Factory has a 12 month low of $1.12 and a 12 month high of $2.59. The stock’s fifty day moving average price is $1.81 and its 200 day moving average price is $1.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The firm had revenue of $7.54 million for the quarter.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,567 shares of the company’s stock after acquiring an additional 8,172 shares during the period. Salvus Wealth Management LLC owned 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent filing with the SEC. 50.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.