Rocky Brands, Inc. (NASDAQ:RCKY) Short Interest Up 22.6% in January

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 96,600 shares, a growth of 22.6% from the January 15th total of 78,800 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,200 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On Rocky Brands

Several institutional investors and hedge funds have recently bought and sold shares of RCKY. Inspire Advisors LLC acquired a new stake in Rocky Brands during the third quarter valued at $339,000. Summit Global Investments purchased a new stake in shares of Rocky Brands during the 3rd quarter worth about $341,000. Empowered Funds LLC grew its stake in shares of Rocky Brands by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 30,994 shares of the textile maker's stock valued at $987,000 after buying an additional 1,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rocky Brands by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker's stock worth $669,000 after buying an additional 1,001 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Rocky Brands during the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 75.06% of the company's stock.

Rocky Brands Price Performance

Shares of RCKY traded down $0.32 during trading hours on Wednesday, hitting $23.74. 27,371 shares of the company were exchanged, compared to its average volume of 36,823. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. The company has a market capitalization of $176.83 million, a PE ratio of 13.33 and a beta of 2.10. The firm has a fifty day simple moving average of $23.65 and a 200-day simple moving average of $25.93. Rocky Brands has a one year low of $19.65 and a one year high of $40.14.

Analysts Set New Price Targets

Several brokerages have commented on RCKY. StockNews.com cut shares of Rocky Brands from a "buy" rating to a "hold" rating in a research report on Saturday, February 8th. Robert W. Baird dropped their target price on shares of Rocky Brands from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st.

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.