Castle Brands Inc (ROX) Short Interest Down 1.7% in August
Castle Brands Inc (NYSE:ROX) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 6,494,229 shares, a drop of 1.7% from the August 15th total of 6,607,087 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average trading volume of 619,686 shares, the short-interest ratio is currently 10.5 days.
Several large investors have recently bought and sold shares of ROX. Bank of New York Mellon Corp lifted its position in shares of Castle Brands by 28.4% during the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock worth $106,000 after acquiring an additional 15,007 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Castle Brands during the second quarter worth $141,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Castle Brands during the second quarter worth $256,000. California State Teachers Retirement System purchased a new stake in shares of Castle Brands during the second quarter worth $265,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Castle Brands during the second quarter worth $266,000.
Separately, Zacks Investment Research lowered Castle Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
Castle Brands (ROX) opened at 1.41 on Wednesday. The company’s market cap is $231.67 million. The firm’s 50-day moving average price is $1.59 and its 200-day moving average price is $1.61. Castle Brands has a 1-year low of $0.65 and a 1-year high of $2.22.
Castle Brands (NYSE:ROX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $18.18 million. Castle Brands had a negative net margin of 4.15% and a negative return on equity of 201.80%. Equities research analysts forecast that Castle Brands will post $0.02 EPS for the current fiscal year.
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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