Castle Brands Inc (NYSEAMERICAN:ROX) was the recipient of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 6,187,806 shares, a decline of 16.1% from the December 15th total of 7,378,896 shares. Based on an average daily trading volume, of 492,831 shares, the short-interest ratio is currently 12.6 days. Approximately 7.0% of the company’s shares are sold short.

A number of research firms have commented on ROX. Barrington Research upped their price target on Castle Brands from $1.80 to $2.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research lowered Castle Brands from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th.

Shares of Castle Brands (NYSEAMERICAN:ROX) opened at $1.16 on Thursday. Castle Brands has a 52-week low of $0.72 and a 52-week high of $2.22.

Several institutional investors have recently made changes to their positions in ROX. Rhumbline Advisers bought a new stake in shares of Castle Brands during the 2nd quarter valued at about $141,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Castle Brands during the 2nd quarter valued at about $256,000. California State Teachers Retirement System bought a new stake in shares of Castle Brands during the 2nd quarter valued at about $265,000. Teachers Advisors LLC bought a new stake in shares of Castle Brands during the 2nd quarter valued at about $266,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Castle Brands during the 2nd quarter valued at about $401,000.

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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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