Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Free Report) 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.
Check Out Our Latest Stock Report on RMCF
Hedge Funds Weigh In On Rocky Mountain Chocolate Factory
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.
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