Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 16.1% in February

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 15,100 shares, a decline of 16.1% from the February 13th total of 18,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is currently 0.6 days.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $1.45 on Tuesday. Rocky Mountain Chocolate Factory has a 1-year low of $1.38 and a 1-year high of $3.95. The company’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $2.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results 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 Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory in a report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $43,000. Wealthedge Investment Advisors LLC bought a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $95,000. Finally, 4WEALTH Advisors Inc. bought a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $225,000. 50.27% of the stock is owned by institutional investors.

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.