Castle Brands Inc (NYSE:ROX) Short Interest Down 5.0% in July
Castle Brands Inc (NYSE:ROX) saw a large decline in short interest during the month of July. As of July 14th, there was short interest totalling 7,174,634 shares, a decline of 5.0% from the June 30th total of 7,549,698 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average daily trading volume, of 829,459 shares, the days-to-cover ratio is currently 8.6 days.
Separately, Zacks Investment Research downgraded shares of Castle Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th.
Castle Brands (NYSE ROX) opened at 1.83 on Wednesday. The stock’s market capitalization is $298.51 million. The company has a 50 day moving average of $1.84 and a 200-day moving average of $1.41. Castle Brands has a one year low of $0.65 and a one year high of $2.22.
Castle Brands (NYSE:ROX) last posted its quarterly earnings results on Wednesday, June 14th. The company reported $0.00 earnings per share (EPS) for the quarter. Castle Brands had a return on equity of 6.81% and a net margin of 3.10%. The business had revenue of $22.58 million for the quarter, compared to the consensus estimate of $21.46 million. Equities research analysts predict that Castle Brands will post $0.02 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position 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 last quarter. KCG Holdings Inc. increased its position 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 last quarter. EAM Investors LLC purchased a new position in Castle Brands during the first quarter worth about $633,000. Finally, Bank of New York Mellon Corp increased its position 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 last quarter.
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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