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Castle Brands Inc (ROX) Sees Large Growth in Short Interest

Time:2016-12-03 18:45wine - Red wine life health Click:

Options Stocks Castle Brands Inc NYSE:ROX ROX

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Castle Brands Inc (NYSE:ROX) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,194,681 shares, a growth of 15.7% from the October 31st total of 1,032,442 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 123,966 shares, the short-interest ratio is currently 9.6 days.

Institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management Inc. raised its position in shares of Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock worth $688,000 after buying an additional 350,000 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Castle Brands during the second quarter worth about $179,000. Finally, Hartline Investment Corp raised its position in shares of Castle Brands by 0.3% in the third quarter. Hartline Investment Corp now owns 2,737,225 shares of the company’s stock worth $2,387,000 after buying an additional 8,050 shares in the last quarter.

Castle Brands (NYSE:ROX) opened at 0.7414 on Friday. Castle Brands has a one year low of $0.70 and a one year high of $1.33. The stock has a 50 day moving average of $0.78 and a 200 day moving average of $0.83. The firm’s market cap is $119.34 million.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Castle Brands from a “hold” rating to a “sell” rating in a report on Thursday, November 17th. TheStreet upgraded shares of Castle Brands from a “sell” rating to a “hold” rating in a report on Monday, September 26th.

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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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