Castle Brands Inc (ROX) Short Interest Up 5.1% in October
Castle Brands Inc (NYSE:ROX) saw a large increase in short interest during the month of October. As of October 13th, there was short interest totalling 5,977,841 shares, an increase of 5.1% from the September 29th total of 5,686,978 shares. Based on an average daily volume of 456,167 shares, the short-interest ratio is presently 13.1 days. Currently, 6.7% of the company’s stock are short sold.
Shares of Castle Brands (NYSE:ROX) traded down 3.28% during midday trading on Tuesday, hitting $1.18. 534,498 shares of the company’s stock were exchanged. Castle Brands has a 1-year low of $0.65 and a 1-year high of $2.22. The stock’s 50 day moving average is $1.34 and its 200-day moving average is $1.64. The stock’s market cap is $193.88 million.
Castle Brands (NYSE:ROX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $20.85 million for 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%. Analysts predict that Castle Brands will post $0.01 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. raised its stake in shares of Castle Brands by 521.1% during the first quarter. KCG Holdings Inc. now owns 179,607 shares of the company’s stock valued at $278,000 after purchasing an additional 150,688 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Castle Brands by 245.9% during the first quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after purchasing an additional 277,822 shares during the period. Manatuck Hill Partners LLC raised its stake in shares of Castle Brands by 15.4% during the second quarter. Manatuck Hill Partners LLC now owns 750,000 shares of the company’s stock valued at $1,290,000 after purchasing an additional 100,000 shares during the period. EAM Investors LLC increased its stake in shares of Castle Brands by 89.1% in the second quarter. EAM Investors LLC now owns 772,792 shares of the company’s stock worth $1,329,000 after buying an additional 364,209 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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.
A number of brokerages have commented on ROX. Zacks Investment Research downgraded shares of Castle Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barrington Research increased their price objective on shares of Castle Brands from $1.80 to $2.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd.
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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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