Castle Brands Inc (NYSE:ROX) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,041,597 shares, an increase of 10.2% from the September 15th total of 945,414 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 133,213 shares, the short-interest ratio is presently 7.8 days.

ROX has been the topic of a number of recent research reports. TheStreet upgraded shares of Castle Brands from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Zacks Investment Research lowered shares of Castle Brands from a “hold” rating to a “strong sell” rating in a report on Saturday, June 25th.

Castle Brands (NYSE:ROX) opened at 0.8151 on Friday. The firm’s market cap is $130.95 million. The company has a 50-day moving average of $0.87 and a 200 day moving average of $0.86. Castle Brands has a 12-month low of $0.70 and a 12-month high of $1.47.

Large investors have recently bought and sold shares of the company. Bridgeway Capital Management Inc. boosted 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 in the last quarter. State Street Corp boosted 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 in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Castle Brands during the second quarter valued at approximately $179,000.

About Castle Brands

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.

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