Castle Brands Inc (NYSE:ROX) Short Interest Update
Castle Brands Inc (NYSE:ROX) was the target of a significant drop in short interest during 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. Approximately 7.2% of the company’s shares are sold short. Based on an average daily trading volume, of 489,514 shares, the short-interest ratio is currently 12.8 days.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Castle Brands by 30.1% in the second quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock worth $6,608,000 after buying an additional 889,189 shares during the period. Northern Trust Corp boosted its position in Castle Brands by 501.7% in the second quarter. Northern Trust Corp now owns 973,335 shares of the company’s stock worth $1,674,000 after buying an additional 811,570 shares in the last quarter. State Street Corp acquired a new position in Castle Brands during the second quarter worth $1,669,000. EAM Investors LLC boosted its position in Castle Brands by 89.1% in the second quarter. EAM Investors LLC now owns 772,792 shares of the company’s stock worth $1,329,000 after buying an additional 364,209 shares in the last quarter. Finally, Manatuck Hill Partners LLC boosted its position in Castle Brands by 15.4% in the second quarter. Manatuck Hill Partners LLC now owns 750,000 shares of the company’s stock worth $1,290,000 after buying an additional 100,000 shares in the last quarter.
Castle Brands (NYSE:ROX) remained flat at $1.58 during midday trading on Friday. 533,867 shares of the company’s stock were exchanged. The company has a 50-day moving average price of $1.77 and a 200-day moving average price of $1.53. Castle Brands has a 52 week low of $0.65 and a 52 week high of $2.22. The stock’s market cap is $259.60 million.
Castle Brands (NYSE:ROX) last issued its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. Castle Brands had a return on equity of 6.81% and a net margin of 3.10%. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $18.18 million. Equities research analysts forecast that Castle Brands will post $0.02 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Castle Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
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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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