Short Interest in Rocky Brands, Inc. (NASDAQ:RCKY) Decreases By 16.6%

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 106,100 shares, a decline of 16.6% from the September 30th total of 127,200 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the company's stock are sold short.

Rocky Brands Stock Up 0.8 %

Shares of RCKY traded up $0.22 during mid-day trading on Monday, hitting $27.62. 24,300 shares of the company's stock were exchanged, compared to its average volume of 38,784. The stock has a market cap of $205.02 million, a price-to-earnings ratio of 15.26 and a beta of 2.08. The firm has a fifty day moving average of $30.22 and a two-hundred day moving average of $32.35. The company has a quick ratio of 0.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.64. Rocky Brands has a twelve month low of $11.77 and a twelve month high of $40.14.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last posted its earnings results on Tuesday, July 30th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. Rocky Brands had a net margin of 3.21% and a return on equity of 8.85%. The firm had revenue of $98.26 million for the quarter.

Rocky Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.155 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.62 annualized dividend and a yield of 2.24%. Rocky Brands's dividend payout ratio (DPR) is currently 34.25%.

Institutional Investors Weigh In On Rocky Brands

A number of large investors have recently added to or reduced their stakes in RCKY. Allspring Global Investments Holdings LLC lifted its stake in shares of Rocky Brands by 24.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker's stock worth $4,879,000 after buying an additional 25,573 shares during the last quarter. American Century Companies Inc. lifted its position in Rocky Brands by 23.0% during the 2nd quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker's stock worth $4,776,000 after acquiring an additional 24,135 shares during the last quarter. Empowered Funds LLC bought a new stake in Rocky Brands during the first quarter valued at about $517,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Rocky Brands in the second quarter valued at about $531,000. Finally, Squarepoint Ops LLC bought a new position in shares of Rocky Brands in the second quarter worth about $517,000. Institutional investors own 75.06% of the company's stock.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.