Castle Brands Inc (NYSE:ROX) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,041,597 shares, an increase of 10.2% from the September 15th total of 945,414 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 133,213 shares, the short-interest ratio is presently 7.8 days.
Castle Brands (NYSE:ROX) opened at 0.8151 on Friday. Castle Brands has a 12 month low of $0.70 and a 12 month high of $1.47. The company’s 50-day moving average is $0.87 and its 200-day moving average is $0.86. The stock’s market capitalization is $130.95 million.
ROX has been the subject of several research analyst reports. TheStreet raised shares of Castle Brands from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Zacks Investment Research cut shares of Castle Brands from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management Inc. boosted its position in Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock worth $688,000 after buying an additional 350,000 shares during the period. Paloma Partners Management Co purchased a new position in Castle Brands during the second quarter worth $179,000. State Street Corp boosted its position in Castle Brands by 7.6% in the first quarter. State Street Corp now owns 492,787 shares of the company’s stock worth $462,000 after buying an additional 34,974 shares during the period. Finally, Geode Capital Management LLC boosted its position in Castle Brands by 1.5% in the first quarter. Geode Capital Management LLC now owns 457,085 shares of the company’s stock worth $429,000 after buying an additional 6,960 shares during the period.
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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