Castle Brands (NYSEAMERICAN:ROX) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 7,264,737 shares, a decrease of 5.8% from the February 15th total of 7,713,413 shares. Based on an average daily volume of 388,657 shares, the short-interest ratio is presently 18.7 days. Currently, 9.7% of the company’s shares are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in Castle Brands by 196.9% in the 4th quarter. Wells Fargo & Company MN now owns 120,546 shares of the company’s stock valued at $147,000 after purchasing an additional 79,948 shares during the period. Deutsche Bank AG grew its stake in Castle Brands by 125.6% in the 4th quarter. Deutsche Bank AG now owns 195,596 shares of the company’s stock valued at $237,000 after purchasing an additional 108,907 shares during the period. Schwab Charles Investment Management Inc. bought a new position in Castle Brands in the 2nd quarter valued at $256,000. California State Teachers Retirement System bought a new position in Castle Brands in the 2nd quarter valued at $265,000. Finally, Teachers Advisors LLC bought a new position in Castle Brands in the 2nd quarter valued at $266,000.
Shares of Castle Brands (NYSEAMERICAN:ROX) traded up $0.03 during trading hours on Friday, reaching $1.32. The company had a trading volume of 571,957 shares, compared to its average volume of 388,726. Castle Brands has a 52 week low of $0.98 and a 52 week high of $2.22.
Castle Brands (NYSEAMERICAN:ROX) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.00 EPS for the quarter. The business had revenue of $24.08 million during the quarter, compared to analyst estimates of $20.51 million. Castle Brands had a return on equity of 55.84% and a net margin of 2.76%.
A number of research firms have recently commented on ROX. Zacks Investment Research raised Castle Brands from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Saturday. Roth Capital began coverage on Castle Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $2.60 target price on the stock. Finally, TheStreet raised Castle Brands from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th.
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Castle Brands Company Profile
Castle Brands Inc develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States and internationally. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. The company offers its products under the Goslings rum, Goslings Stormy Ginger Beer, Goslings Dark ?n Stormy, Jefferson's, Jefferson's Reserve, Jefferson's Ocean Aged at Sea, Jefferson's Wine Finish Collection, Jefferson's The Manhattan, Jefferson's Chef's Collaboration, Jefferson's Wood Experiment, Jefferson's Presidential Select, Jefferson's Straight Rye, Pallini, Clontarf, Knappogue Castle Whiskey, Brady's, Boru, Tierras, Celtic Honey, Gozio, The Arran Malt, The Robert Burns, and Machrie Moor brands through a network of wholesale distributors and state-operated agencies.
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