Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Update

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 38,700 shares, a decrease of 23.2% from the November 15th total of 50,400 shares. Based on an average daily volume of 44,300 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Rocky Mountain Chocolate Factory in a report on Thursday. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF traded down $0.03 on Friday, hitting $2.73. The company’s stock had a trading volume of 20,222 shares, compared to its average volume of 25,991. The firm’s fifty day moving average price is $2.62 and its 200-day moving average price is $2.25. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%. The company had revenue of $6.38 million during the quarter.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 23,700 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average cost of $2.14 per share, for a total transaction of $50,718.00. Following the completion of the acquisition, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the transaction, the chief executive officer now directly owns 168,719 shares in the company, valued at $438,669.40. The trade was a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 424,094 shares of company stock worth $1,137,016. Corporate insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned approximately 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 50.27% of the stock is owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

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.