Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 4,800 shares, a drop of 31.4% from the March 31st total of 7,000 shares. Based on an average daily volume of 14,300 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.
Rocky Mountain Chocolate Factory Trading Down 0.7 %
RMCF stock traded down $0.02 during mid-day trading on Friday, reaching $3.56. 5,438 shares of the stock traded hands, compared to its average volume of 10,124. The stock’s fifty day moving average is $3.78 and its 200-day moving average is $4.11. The company has a market cap of $22.48 million, a P/E ratio of -5.24 and a beta of 1.06. Rocky Mountain Chocolate Factory has a 52-week low of $3.45 and a 52-week high of $5.99.
Insider Activity
In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 10,650 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $4.09 per share, for a total transaction of $43,558.50. Following the transaction, the insider now owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Global Value Investment Corp. acquired 10,650 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $4.09 per share, with a total value of $43,558.50. Following the completion of the purchase, the insider now owns 1,065,878 shares of the company’s stock, valued at $4,359,441.02. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Richart Geygan acquired 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $4.10 per share, with a total value of $89,228.30. Following the completion of the purchase, the director now directly owns 1,049,109 shares of the company’s stock, valued at approximately $4,301,346.90. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 113,959 shares of company stock worth $466,521. Corporate insiders own 14.87% of the company’s stock.
Institutional Trading of Rocky Mountain Chocolate Factory
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday. They set a “hold” rating for the company.
Read Our Latest Stock Analysis on Rocky Mountain Chocolate Factory
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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