Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Increases By 42.9%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 18,000 shares, a growth of 42.9% from the January 31st total of 12,600 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 24,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned approximately 0.23% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $1.59 on Wednesday. Rocky Mountain Chocolate Factory has a 52-week low of $1.46 and a 52-week high of $4.16. The firm’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.23. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Rocky Mountain Chocolate Factory in a research note on Sunday. 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.