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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 9,000 shares, a growth of 21.6% from the June 30th total of 7,400 shares. Based on an average daily trading volume, of 22,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors have recently made changes to their positions in RMCF. International Assets Investment Management LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after purchasing an additional 11,160 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 33.5% during the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock valued at $56,000 after purchasing an additional 3,865 shares during the last quarter. Finally, Leverty Financial Group LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 70.5% during the first quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock valued at $73,000 after purchasing an additional 8,300 shares during the last quarter. 50.27% of the stock is owned by institutional investors.

Rocky Mountain Chocolate Factory Stock Up 4.1 %

Shares of NASDAQ:RMCF traded up $0.08 during trading on Tuesday, hitting $2.01. 2,405 shares of the company traded hands, compared to its average volume of 17,935. The business’s fifty day moving average is $2.39 and its 200-day moving average is $3.34. Rocky Mountain Chocolate Factory has a one year low of $1.75 and a one year high of $5.98.

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.