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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant decline in short interest in 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. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $1.45 on Tuesday. The firm has a 50-day moving average of $1.88 and a 200-day moving average of $2.20. Rocky Mountain Chocolate Factory has a 52-week low of $1.38 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its 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 17.25% and a negative return on equity of 48.18%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $95,000. 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $225,000. Finally, CacheTech Inc. bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $43,000. Institutional investors own 50.27% of the company’s stock.

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.