Castle Brands Inc. (ROX) Short Interest Update

Castle Brands Inc. (NYSE:ROX) saw a significant increase in short interest in October. As of October 13th, there was short interest totalling 5,977,841 shares, an increase of 5.1% from the September 29th total of 5,686,978 shares. Based on an average daily volume of 456,167 shares, the days-to-cover ratio is presently 13.1 days. Approximately 6.7% of the company’s shares are short sold.

Several research firms recently commented on ROX. Zacks Investment Research cut shares of Castle Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barrington Research boosted their price objective on shares of Castle Brands from $1.80 to $2.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 3rd.

Shares of Castle Brands (ROX) traded down $0.06 on Friday, reaching $1.11. 827,204 shares of the company were exchanged, compared to its average volume of 543,380. Castle Brands has a twelve month low of $0.65 and a twelve month high of $2.22.

Castle Brands (NYSE:ROX) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. Castle Brands had a negative return on equity of 201.80% and a negative net margin of 4.15%. The business had revenue of $20.85 million for the quarter, compared to analyst estimates of $18.18 million.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in Castle Brands by 256.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 241,969 shares of the company’s stock valued at $416,000 after purchasing an additional 174,113 shares during the last quarter. KCG Holdings Inc. increased its position in Castle Brands by 521.1% in the 1st quarter. KCG Holdings Inc. now owns 179,607 shares of the company’s stock valued at $278,000 after acquiring an additional 150,688 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in Castle Brands in the 2nd quarter valued at approximately $256,000. Goldman Sachs Group Inc. increased its position in Castle Brands by 245.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after acquiring an additional 277,822 shares during the period. Finally, Manatuck Hill Partners LLC increased its position in shares of Castle Brands by 15.4% during 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 during the period.

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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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