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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 26,700 shares, a decrease 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 presently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF traded down $0.13 during mid-day trading on Friday, hitting $1.97. The company’s stock had a trading volume of 83,346 shares, compared to its average volume of 35,304. The business’s fifty day moving average is $2.62 and its two-hundred day moving average is $2.24. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.74.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 14th. 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%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a report on Monday. They issued a “hold” rating on the stock.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now owns 168,719 shares of the company’s stock, valued at $438,669.40. This trade represents a 7.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $2.70 per share, with a total value of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares in the company, valued at $4,437,212.40. The trade was a 25.20 % 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 valued at $1,086,298 in the last ninety days. 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 holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the period. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent SEC filing. 50.27% of the stock is owned by institutional investors and hedge funds.

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.