Castle Brands Inc (NYSEAMERICAN:ROX) was the recipient of a large decline in short interest in the month of 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. Based on an average trading volume of 492,831 shares, the short-interest ratio is currently 12.6 days. Approximately 7.0% of the shares of the company are sold short.

Several brokerages recently issued reports on ROX. Zacks Investment Research cut Castle Brands from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Barrington Research boosted their price target on Castle Brands from $1.80 to $2.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Castle Brands by 30.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock valued at $6,608,000 after purchasing an additional 889,189 shares in the last quarter. Northern Trust Corp boosted its holdings in Castle Brands by 501.7% in the 2nd quarter. Northern Trust Corp now owns 973,335 shares of the company’s stock valued at $1,674,000 after purchasing an additional 811,570 shares in the last quarter. State Street Corp purchased a new stake in Castle Brands in the 2nd quarter valued at approximately $1,669,000. EAM Investors LLC boosted its holdings in Castle Brands by 89.1% in the 2nd quarter. EAM Investors LLC now owns 772,792 shares of the company’s stock valued at $1,329,000 after purchasing an additional 364,209 shares in the last quarter. Finally, Manatuck Hill Partners LLC boosted its holdings in Castle Brands by 15.4% in the 2nd quarter. Manatuck Hill Partners LLC now owns 750,000 shares of the company’s stock valued at $1,290,000 after purchasing an additional 100,000 shares in the last quarter.

Shares of Castle Brands (NYSEAMERICAN ROX) opened at $1.18 on Friday. Castle Brands has a twelve month low of $0.72 and a twelve month 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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