Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 52.8% in January

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 12,600 shares, a decrease of 52.8% from the January 15th total of 26,700 shares. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory in a research report on Thursday, February 6th. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 0.5 %

Shares of NASDAQ RMCF traded down $0.01 during midday trading on Thursday, reaching $1.90. The company’s stock had a trading volume of 6,432 shares, compared to its average volume of 24,795. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. The firm has a 50 day moving average price of $2.33 and a 200-day moving average price of $2.23. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $4.53.

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%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

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.