Castle Brands Inc (ROX) Short Interest Update

Castle Brands Inc (NYSEAMERICAN:ROX) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 6,531,161 shares, an increase of 5.2% from the January 12th total of 6,209,516 shares. Currently, 7.4% of the shares of the company are short sold. Based on an average daily volume of 361,613 shares, the days-to-cover ratio is currently 18.1 days.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Castle Brands by 1.2% during the fourth quarter. BlackRock Inc. now owns 3,968,101 shares of the company’s stock valued at $4,841,000 after acquiring an additional 48,552 shares during the last quarter. Wells Fargo & Company MN increased its position in Castle Brands by 196.9% during the fourth quarter. Wells Fargo & Company MN now owns 120,546 shares of the company’s stock valued at $147,000 after acquiring an additional 79,948 shares during the last quarter. Rhumbline Advisers purchased a new stake in Castle Brands during the second quarter valued at $141,000. Schwab Charles Investment Management Inc. purchased a new stake in Castle Brands during the second quarter valued at $256,000. Finally, California State Teachers Retirement System purchased a new stake in Castle Brands during the second quarter valued at $265,000.

Castle Brands (NYSEAMERICAN ROX) traded up $0.09 during trading on Friday, reaching $1.22. The company had a trading volume of 1,384,601 shares, compared to its average volume of 422,768. Castle Brands has a 12 month low of $0.72 and a 12 month high of $2.22.

Castle Brands (NYSEAMERICAN:ROX) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.00 EPS for the quarter. The company had revenue of $24.08 million during the quarter, compared to analysts’ expectations of $20.51 million. Castle Brands had a negative return on equity of 0.32% and a net margin of 1.34%.

ROX has been the topic of a number of research analyst reports. Zacks Investment Research raised Castle Brands from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Roth Capital initiated coverage on Castle Brands in a report on Thursday, February 1st. They set a “buy” rating and a $2.60 price target on the stock. Finally, TheStreet raised Castle Brands from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th.

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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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