Short Interest in Castle Brands Inc (ROX) Declines By 1.4%
Castle Brands Inc (NYSE:ROX) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 945,414 shares, a decline of 1.4% from the August 31st total of 958,837 shares. Based on an average trading volume of 170,646 shares, the days-to-cover ratio is presently 5.5 days. Currently, 1.1% of the company’s shares are sold short.
Hedge funds have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in Castle Brands during the second quarter valued at about $179,000. Bridgeway Capital Management Inc. increased its stake in Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock valued at $688,000 after buying an additional 350,000 shares during the period. Geode Capital Management LLC increased its stake in Castle Brands by 1.5% in the first quarter. Geode Capital Management LLC now owns 457,085 shares of the company’s stock valued at $429,000 after buying an additional 6,960 shares during the period. Finally, State Street Corp increased its stake in Castle Brands by 7.6% in the first quarter. State Street Corp now owns 492,787 shares of the company’s stock valued at $462,000 after buying an additional 34,974 shares during the period.
Several brokerages have recently weighed in on ROX. Zacks Investment Research raised shares of Castle Brands from a “hold” rating to a “strong-buy” rating and set a $1.00 price target on the stock in a research report on Wednesday, August 24th. TheStreet raised shares of Castle Brands from a “sell” rating to a “hold” rating in a research report on Monday, September 26th.
Castle Brands (NYSE:ROX) opened at 0.8719 on Friday. The firm has a 50-day moving average of $0.87 and a 200-day moving average of $0.86. The firm’s market cap is $140.08 million. Castle Brands has a 52-week low of $0.70 and a 52-week high of $1.47.
Castle Brands Company Profile
Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.
Receive News & Stock Ratings for Castle Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands Inc and related stocks with our FREE daily email newsletter.