Castle Brands Inc (NYSEAMERICAN:ROX) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,531,161 shares, an increase of 5.2% from the January 12th total of 6,209,516 shares. Currently, 7.4% of the company’s shares are short sold. Based on an average daily trading volume, of 361,613 shares, the days-to-cover ratio is currently 18.1 days.

A number of large investors have recently added to or reduced their stakes in ROX. Rhumbline Advisers bought a new stake in Castle Brands in the second quarter valued at $141,000. Wells Fargo & Company MN boosted its holdings in Castle Brands by 196.9% in the fourth quarter. Wells Fargo & Company MN now owns 120,546 shares of the company’s stock valued at $147,000 after acquiring an additional 79,948 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Castle Brands in the second quarter valued at $256,000. California State Teachers Retirement System bought a new stake in Castle Brands in the second quarter valued at $265,000. Finally, Teachers Advisors LLC bought a new stake in Castle Brands in the second quarter valued at $266,000.

ROX has been the topic of several analyst reports. Roth Capital initiated coverage on shares of Castle Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $2.60 target price on the stock. TheStreet raised shares of Castle Brands from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Castle Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

Shares of Castle Brands (NYSEAMERICAN:ROX) opened at $1.22 on Monday. Castle Brands has a fifty-two week low of $0.72 and a fifty-two week high of $2.22.

Castle Brands (NYSEAMERICAN:ROX) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.00 earnings per share for the quarter. The business had revenue of $24.08 million for the quarter, compared to analysts’ expectations of $20.51 million. Castle Brands had a net margin of 1.34% and a negative return on equity of 0.32%.

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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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