Castle Brands Inc (ROX) Sees Large Growth in Short Interest
Castle Brands Inc (NYSE:ROX) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,802,321 shares, a growth of 37.5% from the April 28th total of 2,037,936 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,001,100 shares, the short-interest ratio is currently 2.8 days.
Separately, Zacks Investment Research cut Castle Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Castle Brands by 28.4% in the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock worth $106,000 after buying an additional 15,007 shares during the last quarter. Morgan Stanley purchased a new position in shares of Castle Brands during the first quarter worth approximately $139,000. KCG Holdings Inc. boosted its position in shares of 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. Goldman Sachs Group Inc. boosted its position in shares of 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. Finally, EAM Investors LLC purchased a new position in shares of Castle Brands during the first quarter worth approximately $633,000.
Castle Brands (NYSE:ROX) traded up 6.11% during midday trading on Wednesday, hitting $1.91. The stock had a trading volume of 2,085,940 shares. The stock’s market cap is $307.45 million. The company has a 50-day moving average of $1.69 and a 200-day moving average of $1.07. Castle Brands has a 1-year low of $0.65 and a 1-year high of $1.93.
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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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