Castle Brands Inc (ROX) Short Interest Up 10.2% in June
Castle Brands Inc (NYSE:ROX) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,426,895 shares, an increase of 10.2% from the May 31st total of 2,203,237 shares. Based on an average daily trading volume, of 2,213,929 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.8% of the company’s shares are sold short.
Separately, Zacks Investment Research lowered shares of Castle Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.
Shares of Castle Brands (ROX) traded down 3.28% on Monday, reaching $1.77. 1,372,577 shares of the company’s stock traded hands. The stock’s market capitalization is $288.73 million. Castle Brands has a 52 week low of $0.65 and a 52 week high of $2.22. The stock’s 50-day moving average price is $1.86 and its 200-day moving average price is $1.24.
Castle Brands (NYSE:ROX) last posted its quarterly earnings results on Wednesday, June 14th. The company reported $0.00 earnings per share for the quarter. Castle Brands had a return on equity of 8.39% and a net margin of 4.87%. The company had revenue of $22.58 million during the quarter, compared to the consensus estimate of $21.46 million. Equities analysts predict that Castle Brands will post $0.02 EPS for the current year.
Several large investors have recently bought and sold shares of ROX. Bank of New York Mellon Corp increased its stake in 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 period. Morgan Stanley purchased a new stake in Castle Brands during the first quarter worth $139,000. KCG Holdings Inc. increased its stake in 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 period. Goldman Sachs Group Inc. increased its stake in 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 period. Finally, EAM Investors LLC purchased a new stake in Castle Brands during the first quarter worth $633,000.
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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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