Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 30.8% in December

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 26,700 shares, a drop of 30.8% from the December 15th total of 38,600 shares. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

Rocky Mountain Chocolate Factory Stock Down 6.2 %

NASDAQ RMCF traded down $0.13 during trading hours on Friday, hitting $1.97. 83,346 shares of the company’s stock traded hands, compared to its average volume of 35,304. The firm’s 50-day moving average is $2.62 and its 200-day moving average is $2.24. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $4.74.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Analyst Ratings Changes

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

Insider Activity

In other news, major shareholder Global Value Investment Corp. bought 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, October 29th. The stock was acquired at an average price of $2.89 per share, with a total value of $121,562.07. Following the completion of the acquisition, the insider now directly owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. The trade was a 2.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the transaction, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 400,394 shares of company stock worth $1,086,298 in the last quarter. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the period. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. Institutional investors and hedge funds own 50.27% of the company’s 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.