Castle Brands Inc (NYSEAMERICAN:ROX) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 7,378,896 shares, a growth of 1.1% from the November 30th total of 7,299,797 shares. Based on an average daily trading volume, of 996,527 shares, the days-to-cover ratio is currently 7.4 days. Currently, 8.3% of the shares of the stock are short sold.
A number of research firms have commented on ROX. Barrington Research boosted their price target on shares of Castle Brands from $1.80 to $2.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. TheStreet upgraded shares of Castle Brands from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research upgraded shares of Castle Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.
Several hedge funds have recently added to or reduced their stakes in ROX. State Street Corp bought a new stake in shares of Castle Brands during the 2nd quarter worth about $1,669,000. Vanguard Group Inc. raised its position in shares of Castle Brands by 30.1% during the 2nd 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 in the last quarter. Northern Trust Corp raised its position in shares of Castle Brands by 501.7% during the 2nd 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. EAM Investors LLC raised its position in shares of Castle Brands by 89.1% during the 2nd 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, TIAA CREF Investment Management LLC bought a new stake in shares of Castle Brands during the 2nd quarter worth about $401,000.
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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