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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 15,100 shares, a decrease of 16.1% from the February 13th total of 18,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 24,700 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

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

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock opened at $1.26 on Thursday. Rocky Mountain Chocolate Factory has a twelve month low of $1.25 and a twelve month high of $3.95. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $2.19. 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 for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 48.18% and a negative net margin of 17.25%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $95,000. 4WEALTH Advisors Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at approximately $225,000. Finally, CacheTech Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $43,000. 50.27% of the stock is owned by institutional investors.

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.