Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 5,500 shares, a decrease of 27.6% from the November 15th total of 7,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 17,900 shares, the short-interest ratio is presently 0.3 days.
In other news, Director Jeffrey Richart Geygan Geygan bought 3,415 shares of the business’s stock in a transaction that occurred on Tuesday, November 9th. The shares were purchased at an average cost of $9.03 per share, with a total value of $30,837.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradley Louis Radoff bought 6,397 shares of the business’s stock in a transaction that occurred on Friday, September 24th. The stock was purchased at an average cost of $7.42 per share, for a total transaction of $47,465.74. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 61,183 shares of company stock valued at $483,306. Company insiders own 18.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of RMCF. Morgan Stanley boosted its stake in shares of Rocky Mountain Chocolate Factory by 35.7% during the 1st quarter. Morgan Stanley now owns 11,400 shares of the company’s stock worth $60,000 after acquiring an additional 3,000 shares in the last quarter. FMR LLC lifted its stake in Rocky Mountain Chocolate Factory by 4.3% in the 2nd quarter. FMR LLC now owns 540,170 shares of the company’s stock valued at $4,121,000 after buying an additional 22,343 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Rocky Mountain Chocolate Factory by 4.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 37,100 shares of the company’s stock valued at $283,000 after buying an additional 1,500 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in Rocky Mountain Chocolate Factory in the 3rd quarter valued at about $100,000. 41.77% of the stock is currently owned by institutional investors and hedge funds.
Knightscope, Inc., a developer of advanced physical security technologies focused on enhancing U.S. security operations, has commenced its offering of up to $40 million of Class A common stock, with shares to be listed immediately following closing on NASDAQ under the ticker symbol “KSCP.”
RMCF stock opened at $8.20 on Friday. The company’s 50-day simple moving average is $8.68 and its 200-day simple moving average is $7.95. Rocky Mountain Chocolate Factory has a 52-week low of $3.95 and a 52-week high of $10.36. The firm has a market cap of $50.25 million, a P/E ratio of 14.91 and a beta of 1.21.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Friday, October 15th. The company reported $0.03 earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a net margin of 11.20% and a return on equity of 18.41%. The business had revenue of $7.93 million for the quarter.
About Rocky Mountain Chocolate Factory
Rocky Mountain Chocolate Factory, Inc is a franchisor, confectionery manufacturer and retail operator in the United States, Canada, Philippines, Japan, South Korea, and the United Arab Emirates. The firm manufactures a line of premium chocolate candies and other confectionery products to supply its franchise locations, delivered fresh by its fleet of refrigerated trucks.
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