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.

A number of large investors have recently made changes to their positions in ROX. Vanguard Group Inc raised its stake in Castle Brands by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 4,442,006 shares of the company’s stock worth $4,753,000 after acquiring an additional 20,410 shares in the last quarter. Rhumbline Advisers raised its stake in Castle Brands by 49.0% during the 4th quarter. Rhumbline Advisers now owns 113,675 shares of the company’s stock worth $97,000 after acquiring an additional 37,400 shares in the last quarter. SG Americas Securities LLC purchased a new position in Castle Brands during the 4th quarter worth $39,000. BlackRock Inc. grew its position in Castle Brands by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,742,901 shares of the company’s stock worth $4,034,000 after purchasing an additional 13,072 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Castle Brands by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 854,698 shares of the company’s stock worth $726,000 after purchasing an additional 35,559 shares during the last quarter.

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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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