Short Interest in Castle Brands Inc (ROX) Grows By 11.4%
Castle Brands Inc (NYSE:ROX) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,151,487 shares, a growth of 11.4% from the December 31st total of 1,931,124 shares, MarketBeat reports. Approximately 2.9% of the company’s shares are sold short. Based on an average trading volume of 174,770 shares, the short-interest ratio is presently 12.3 days.
Several equities analysts have recently issued reports on ROX shares. Zacks Investment Research lowered shares of Castle Brands from a “buy” rating to a “hold” rating in a report on Tuesday, October 13th. TheStreet lowered shares of Castle Brands from a “hold” rating to a “sell” rating in a report on Thursday, November 19th.
Castle Brands (NYSE:ROX) opened at 1.14 on Friday. The firm’s market capitalization is $182.44 million. The company has a 50-day moving average of $1.18 and a 200-day moving average of $1.26. Castle Brands has a 52 week low of $0.92 and a 52 week high of $1.83.
Castle Brands Inc. develops and markets premium and super premium brands in the beverage alcohol categories. The Company’s beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. It distributes its products in the United States and the District of Columbia, and in primary international markets, including Ireland, Great Britain, Northern Ireland, Germany, Canada, Israel, Bulgaria, France, Finland, Norway, Sweden, Denmark, China and in other countries. 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 The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, 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, Castello Mio Sambuca and Gozio amaretto.

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