Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 15,300 shares, an increase of 30.8% from the December 15th total of 11,700 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.
Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. BlackRock Inc. raised its holdings in shares of Rocky Mountain Chocolate Factory by 6.4% during the 2nd quarter. BlackRock Inc. now owns 30,311 shares of the company’s stock valued at $254,000 after buying an additional 1,831 shares in the last quarter. Cardinal Capital Management raised its holdings in shares of Rocky Mountain Chocolate Factory by 2.2% during the 3rd quarter. Cardinal Capital Management now owns 51,674 shares of the company’s stock valued at $483,000 after buying an additional 1,131 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Rocky Mountain Chocolate Factory by 5.4% during the 3rd quarter. North Star Investment Management Corp. now owns 223,050 shares of the company’s stock valued at $2,074,000 after buying an additional 11,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rocky Mountain Chocolate Factory by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 284,628 shares of the company’s stock valued at $2,391,000 after buying an additional 6,708 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 476,923 shares of the company’s stock valued at $4,006,000 after buying an additional 6,216 shares in the last quarter. 41.15% of the stock is currently owned by institutional investors.
NASDAQ:RMCF opened at $9.10 on Friday. The business’s 50-day moving average price is $8.91 and its two-hundred day moving average price is $8.94. Rocky Mountain Chocolate Factory has a twelve month low of $8.06 and a twelve month high of $9.90. The company has a quick ratio of 2.05, a current ratio of 2.88 and a debt-to-equity ratio of 0.11.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Friday, October 11th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $7.39 million for the quarter. Rocky Mountain Chocolate Factory had a return on equity of 12.53% and a net margin of 7.57%.
Separately, TheStreet raised Rocky Mountain Chocolate Factory from a “c” rating to a “b-” rating in a report on Friday, October 11th.
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 five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 700 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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