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


Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) saw a significant drop in short-term sales interest in March. As of March 31, there was short interest totaling 4,300 shares, a decline of 65.3% from the total of 12,400 shares as of March 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,100 shares, the day-to-cover ratio is currently 0.4 days.

In other Rocky Mountain Chocolate Factory news, Vice President Ryan R. McGrath sold 4,464 shares of the company in a trade dated Monday, January 31. The stock was sold at an average price of $7.81, for a total value of $34,863.84. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Jeffrey Richart Geygan purchased 4,700 shares in a trade on Friday, January 28. The shares were acquired at an average cost of $7.76 per share, with a total value of $36,472.00. Disclosure of this purchase can be found here. Over the past ninety days, insiders have bought 18,872 shares of the company worth $149,453 and sold 33,858 shares worth $271,539. 18.60% of the shares are held by insiders of the company.

A number of hedge funds have recently changed their positions in RMCF. Morgan Stanley increased its position in Rocky Mountain Chocolate Factory by 35.7% during the first quarter. Morgan Stanley now owns 11,400 shares of the company valued at $60,000 after acquiring 3,000 more shares in the last quarter. Geode Capital Management LLC bought a new position in Rocky Mountain Chocolate Factory during the third quarter worth approximately $100,000. Redmond Asset Management LLC increased its position in Rocky Mountain Chocolate Factory by 132.4% during the fourth quarter. Redmond Asset Management LLC now owns 146,118 shares of the company valued at $1,145,000 after acquiring 83,247 additional shares last quarter. Finally, Ridgewood Investments LLC bought a new position in Rocky Mountain Chocolate Factory during the first quarter worth approximately $215,000. Institutional investors hold 52.48% of the company’s shares.

Separately, launched coverage on Rocky Mountain Chocolate Factory in a Monday, April 11 report. They set a “holding” rating for the company.

RMCF stock traded down $0.14 during Friday’s trading, hitting $6.89. 3,480 shares of the company were traded, against an average volume of 7,749. The stock’s 50-day simple moving average is $7.70 and its 200-day simple moving average is $8.09. The company has a market capitalization of $42.58 million, a PE ratio of 29.96 and a beta of 1.12. Rocky Mountain Chocolate Factory has a 1-year minimum of $5.43 and a 1-year maximum of $10.36.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last reported quarterly results on Thursday, January 13. The company reported earnings per share of $0.04 for the quarter. The company had revenue of $8.51 million in the quarter. Rocky Mountain Chocolate Factory had a return on equity of 16.57% and a net margin of 4.55%.

Rocky Mountain Chocolate Factory Company Profile (Get an evaluation)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a franchisor, manufacturer and retail operator of confectionery. It operates through five segments: franchising, manufacturing, retail stores, U-Swirl operations and others. The company produces approximately 450 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints and truffles; and offers 15 varieties of caramel apples and other products prepared in individual stores, as well as ice cream, coffee and other sundries.

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