Castle Brands Inc (NYSEAMERICAN:ROX) was the target of a significant decline in short interest in 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. Approximately 7.0% of the shares of the company are sold short. Based on an average daily volume of 492,831 shares, the short-interest ratio is presently 12.6 days.
Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers acquired a new position in Castle Brands in the 2nd quarter valued at about $141,000. Schwab Charles Investment Management Inc. acquired a new position in Castle Brands in the 2nd quarter valued at about $256,000. California State Teachers Retirement System acquired a new position in Castle Brands in the 2nd quarter valued at about $265,000. Teachers Advisors LLC acquired a new position in Castle Brands in the 2nd quarter valued at about $266,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Castle Brands in the 2nd quarter valued at about $401,000.
ROX has been the topic of a number of research analyst reports. TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Barrington Research lifted their target price on Castle Brands from $1.80 to $2.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut Castle Brands from a “hold” rating to a “sell” rating in a research report on Friday, October 6th.
Castle Brands (ROX) opened at $1.18 on Friday. Castle Brands has a 52-week low of $0.72 and a 52-week high of $2.22.
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.
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