Short Interest in Castle Brands Inc (ROX) Rises By 16.2%
Castle Brands Inc (NYSEAMERICAN:ROX) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 5,682,272 shares, an increase of 16.2% from the April 15th total of 4,891,269 shares. Based on an average daily trading volume, of 335,230 shares, the days-to-cover ratio is currently 17.0 days. Approximately 6.3% of the company’s stock are sold short.
A number of brokerages have recently weighed in on ROX. Zacks Investment Research lowered shares of Castle Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, February 14th. TheStreet lowered shares of Castle Brands from a “c-” rating to a “d” rating in a report on Tuesday, February 19th. Maxim Group began coverage on shares of Castle Brands in a report on Friday, May 3rd. They issued a “hold” rating on the stock. Finally, Barrington Research set a $1.00 price objective on shares of Castle Brands and gave the company a “buy” rating in a report on Friday.
NYSEAMERICAN:ROX traded down $0.06 during midday trading on Tuesday, hitting $0.55. 395,738 shares of the company were exchanged, compared to its average volume of 280,623. Castle Brands has a fifty-two week low of $0.54 and a fifty-two week high of $1.42.
Castle Brands Company Profile
Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.
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