Castle Brands Inc (ROX) Short Interest Up 22.9% in November

Castle Brands Inc (NYSEAMERICAN:ROX) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 7,535,438 shares, an increase of 22.9% from the October 31st total of 6,130,738 shares. Based on an average daily volume of 675,611 shares, the days-to-cover ratio is currently 11.2 days. Currently, 8.5% of the company’s stock are short sold.

A number of research analysts have commented on the company. Barrington Research boosted their price objective on Castle Brands from $1.80 to $2.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 3rd. Zacks Investment Research cut Castle Brands from a “hold” rating to a “sell” rating in a research note on Friday, October 6th.

Several large investors have recently added to or reduced their stakes in ROX. Bank of New York Mellon Corp lifted its stake in shares of Castle Brands by 28.4% in the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock worth $106,000 after acquiring an additional 15,007 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Castle Brands in the second quarter worth about $141,000. Schwab Charles Investment Management Inc. acquired a new stake in Castle Brands during the second quarter valued at approximately $256,000. California State Teachers Retirement System acquired a new stake in Castle Brands during the second quarter valued at approximately $265,000. Finally, Teachers Advisors LLC acquired a new stake in Castle Brands during the second quarter valued at approximately $266,000.

Castle Brands (NYSEAMERICAN:ROX) traded up $0.05 during trading hours on Monday, hitting $1.18. The company had a trading volume of 1,153,124 shares, compared to its average volume of 1,067,386. Castle Brands has a fifty-two week low of $0.65 and a fifty-two week high of $2.22.

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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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