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

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Castle Brands Inc (NYSEAMERICAN:ROX) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,320,451 shares, a growth of 7.1% from the January 15th total of 4,035,653 shares. Based on an average daily volume of 176,796 shares, the short-interest ratio is currently 24.4 days. Approximately 4.8% of the shares of the company are sold short.

NYSEAMERICAN:ROX traded down $0.03 on Monday, reaching $0.80. The stock had a trading volume of 564,736 shares, compared to its average volume of 216,202. Castle Brands has a 12-month low of $0.74 and a 12-month high of $1.42.

Castle Brands (NYSEAMERICAN:ROX) last posted its quarterly earnings data on Friday, February 8th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $22.54 million for the quarter, compared to the consensus estimate of $26.20 million.

In other Castle Brands news, Director Phillip Md Et Al Frost purchased 75,000 shares of Castle Brands stock in a transaction on Thursday, December 27th. The shares were bought at an average price of $0.83 per share, with a total value of $62,250.00. Following the purchase, the director now directly owns 794,776 shares in the company, valued at approximately $659,664.08. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 211,500 shares of company stock worth $175,420 in the last quarter.

Several hedge funds have recently modified their holdings of ROX. BlackRock Inc. lifted its position in shares of Castle Brands by 19.8% during the second quarter. BlackRock Inc. now owns 4,717,957 shares of the company’s stock worth $5,614,000 after purchasing an additional 778,334 shares during the last quarter. Hartline Investment Corp increased its stake in shares of Castle Brands by 4.3% in the third quarter. Hartline Investment Corp now owns 3,222,524 shares of the company’s stock valued at $3,448,000 after purchasing an additional 131,664 shares during the period. Virtu Financial LLC increased its stake in shares of Castle Brands by 360.5% during the third quarter. Virtu Financial LLC now owns 115,988 shares of the company’s stock valued at $125,000 after acquiring an additional 90,802 shares during the period. Citadel Advisors LLC acquired a new position in shares of Castle Brands during the third quarter valued at approximately $104,000. Finally, Vanguard Group Inc increased its stake in shares of Castle Brands by 0.5% during the third quarter. Vanguard Group Inc now owns 4,442,006 shares of the company’s stock valued at $4,753,000 after acquiring an additional 20,410 shares during the period.

A number of analysts have recently commented on ROX shares. Maxim Group started coverage on Castle Brands in a report on Wednesday, January 16th. They set a “hold” rating for the company. Barrington Research set a $2.00 price objective on Castle Brands and gave the stock a “buy” rating in a report on Friday, January 18th.

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Castle Brands Company Profile

Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.

See Also: Consumer Price Index (CPI)

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