Short Interest in Castle Brands Inc (NYSE:ROX) Declines By 12.7%
Castle Brands Inc (NYSE:ROX) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,261,656 shares, a drop of 12.7% from the July 14th total of 7,174,634 shares. Currently, 7.2% of the company’s shares are sold short. Based on an average daily trading volume, of 489,514 shares, the days-to-cover ratio is currently 12.8 days.
A number of hedge funds have recently bought and sold shares of the stock. EAM Investors LLC acquired a new stake in Castle Brands during the first quarter worth $633,000. Goldman Sachs Group Inc. boosted its stake in 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. Bank of New York Mellon Corp boosted its stake in 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. KCG Holdings Inc. boosted its stake in 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. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Castle Brands during the second quarter worth $256,000.
Separately, Zacks Investment Research lowered Castle Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th.
Castle Brands (NYSE ROX) traded down 2.78% on Wednesday, reaching $1.75. The company’s stock had a trading volume of 643,640 shares. The stock has a 50 day moving average price of $1.80 and a 200-day moving average price of $1.46. Castle Brands has a 1-year low of $0.65 and a 1-year high of $2.22. The company’s market capitalization is $285.46 million.
Castle Brands (NYSE:ROX) last announced its quarterly earnings data on Wednesday, June 14th. The company reported $0.00 EPS for the quarter. The business had revenue of $22.58 million during the quarter, compared to analyst estimates of $21.46 million. Castle Brands had a net margin of 3.10% and a return on equity of 6.81%. Equities analysts predict that Castle Brands will post $0.02 earnings per share for the current fiscal year.
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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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