Castle Brands Inc (NYSE:ROX) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 7,549,698 shares, a growth of 211.1% from the June 15th total of 2,426,895 shares. Based on an average daily trading volume, of 2,317,336 shares, the short-interest ratio is currently 3.3 days. Currently, 8.6% of the shares of the company are sold short.

Separately, Zacks Investment Research lowered Castle Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.

Castle Brands (NYSE:ROX) opened at 1.79 on Monday. Castle Brands has a 1-year low of $0.65 and a 1-year high of $2.22. The stock’s market cap is $291.99 million. The firm’s 50 day moving average price is $1.80 and its 200-day moving average price is $1.46.

Castle Brands (NYSE:ROX) last announced its earnings results on Wednesday, June 14th. The company reported $0.00 EPS for the quarter. Castle Brands had a net margin of 3.10% and a return on equity of 6.81%. The business had revenue of $22.58 million during the quarter, compared to analysts’ expectations of $21.46 million. On average, equities analysts anticipate that Castle Brands will post $0.02 earnings per share for the current year.

Several large investors have recently made changes to their positions in ROX. Bank of New York Mellon Corp boosted its stake in shares of Castle Brands by 256.6% in the second quarter. Bank of New York Mellon Corp now owns 241,969 shares of the company’s stock worth $416,000 after buying an additional 174,113 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Castle Brands during the second quarter worth approximately $141,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Castle Brands during the second quarter worth approximately $256,000. Goldman Sachs Group Inc. boosted its stake in shares of Castle Brands by 245.9% in the first quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock worth $606,000 after buying an additional 277,822 shares during the last quarter. Finally, KCG Holdings Inc. boosted its stake in shares of Castle Brands by 521.1% in the first quarter. KCG Holdings Inc. now owns 179,607 shares of the company’s stock worth $278,000 after buying an additional 150,688 shares during the last quarter.

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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.

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