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

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

Analysts Set New Price Targets

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

Rocky Mountain Chocolate Factory Stock Down 2.2 %

RMCF opened at $2.63 on Wednesday. The stock’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.25. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $4.74.

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

Insider Buying and Selling

In related news, major shareholder Global Value Investment Corp. purchased 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction on Wednesday, October 23rd. The stock was bought at an average price of $2.70 per share, with a total value of $893,006.10. Following the completion of the transaction, the insider now directly owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This represents a 25.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 424,094 shares of company stock worth $1,137,016. Insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. Institutional investors and hedge funds own 50.27% of the company’s 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.