Castle Brands Inc (NYSE:ROX) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,041,597 shares, an increase of 10.2% from the September 15th total of 945,414 shares. Based on an average daily volume of 133,213 shares, the short-interest ratio is presently 7.8 days. Currently, 1.2% of the shares of the stock are sold short.
Several hedge funds have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new position in shares of Castle Brands during the second quarter valued at approximately $179,000. Bridgeway Capital Management Inc. boosted 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 valued at $688,000 after buying an additional 350,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Castle Brands by 1.5% in the first quarter. Geode Capital Management LLC now owns 457,085 shares of the company’s stock valued at $429,000 after buying an additional 6,960 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Castle Brands by 7.6% in the first quarter. State Street Corp now owns 492,787 shares of the company’s stock valued at $462,000 after buying an additional 34,974 shares in the last quarter.
Several equities analysts recently commented on the stock. TheStreet raised shares of Castle Brands from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Zacks Investment Research raised shares of Castle Brands from a “hold” rating to a “strong-buy” rating and set a $1.00 price target for the company in a research note on Wednesday, August 24th.
Castle Brands (NYSE:ROX) traded down 1.6213% during trading on Tuesday, hitting $0.8313. 68,408 shares of the stock traded hands. The company has a 50-day moving average price of $0.87 and a 200-day moving average price of $0.86. The stock’s market cap is $133.56 million. Castle Brands has a 12 month low of $0.70 and a 12 month high of $1.47.
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.
Receive News & Ratings for Castle Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.