Short Interest in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Declines By 23.2%

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 38,700 shares, a decrease of 23.2% from the November 15th total of 50,400 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 44,300 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

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

Insider Activity

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. purchased 23,700 shares of the stock in a transaction on Friday, October 18th. The shares were purchased at an average price of $2.14 per share, with a total value of $50,718.00. Following the completion of the transaction, the insider now directly owns 1,251,483 shares in the company, valued at $2,678,173.62. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Stock Down 1.1 %

RMCF traded down $0.03 on Friday, reaching $2.73. The company had a trading volume of 20,222 shares, compared to its average volume of 25,991. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The company’s fifty day moving average is $2.62 and its 200 day moving average is $2.25.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

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.