Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Short Interest Down 30.8% in December

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 26,700 shares, a drop of 30.8% from the December 15th total of 38,600 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is presently 0.6 days.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 7.61 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Global Value Investment Corp. purchased 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the transaction, the insider now owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. This represents a 2.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 400,394 shares of company stock valued at $1,086,298 over the last quarter. 20.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Trading Down 6.2 %

Shares of NASDAQ:RMCF traded down $0.13 on Friday, hitting $1.97. 83,346 shares of the company were exchanged, compared to its average volume of 35,304. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $4.74. The stock’s 50 day moving average price is $2.62 and its 200 day moving average price is $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Analyst Ratings Changes

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

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.