Castle Brands Inc (ROX) Sees Large Growth in Short Interest
Castle Brands Inc (NYSE:ROX) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,194,681 shares, a growth of 15.7% from the October 31st total of 1,032,442 shares. Based on an average trading volume of 123,966 shares, the days-to-cover ratio is currently 9.6 days. Currently, 1.4% of the company’s stock are sold short.
Shares of Castle Brands (NYSE:ROX) traded up 0.0000% during trading on Friday, reaching $0.7599. 47,807 shares of the company’s stock were exchanged. The company has a 50 day moving average of $0.79 and a 200 day moving average of $0.84. Castle Brands has a 52-week low of $0.70 and a 52-week high of $1.34. The firm’s market capitalization is $122.31 million.
Several hedge funds have recently bought and sold shares of the company. Hartline Investment Corp increased its stake in Castle Brands by 0.3% in the third quarter. Hartline Investment Corp now owns 2,737,225 shares of the company’s stock valued at $2,387,000 after buying an additional 8,050 shares in the last quarter. 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 in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Castle Brands during the second quarter valued at about $179,000.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Castle Brands from a “hold” rating to a “sell” rating in a report on Thursday, November 17th. TheStreet upgraded shares of Castle Brands from a “sell” rating to a “hold” rating in a report on Monday, September 26th.
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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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