Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Up 211.3% in March

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 47,000 shares, an increase of 211.3% from the February 28th total of 15,100 shares. Based on an average daily volume of 30,900 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the company are sold short.

Rocky Mountain Chocolate Factory Trading Up 0.8 %

NASDAQ:RMCF traded up $0.01 during mid-day trading on Friday, hitting $1.27. The company’s stock had a trading volume of 4,890 shares, compared to its average volume of 33,413. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. The stock has a fifty day moving average of $1.67 and a 200-day moving average of $2.17. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.22 and a fifty-two week high of $3.92.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) 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

A number of hedge funds have recently made changes to their positions in the company. CacheTech Inc. bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $43,000. Wealthedge Investment Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $95,000. Finally, 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Analyst Upgrades and Downgrades

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