Castle Brands (NYSEAMERICAN:ROX) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 7,264,737 shares, a decrease of 5.8% from the February 15th total of 7,713,413 shares. Based on an average daily trading volume, of 388,657 shares, the days-to-cover ratio is presently 18.7 days. Approximately 9.7% of the shares of the company are short sold.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Castle Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Roth Capital assumed coverage on Castle Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $2.60 price target for the company.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Castle Brands by 196.9% during the 4th 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 during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of Castle Brands during the 2nd quarter valued at $256,000. California State Teachers Retirement System acquired a new stake in shares of Castle Brands during the 2nd quarter valued at $265,000. Teachers Advisors LLC acquired a new stake in shares of Castle Brands during the 2nd quarter valued at $266,000. Finally, Deutsche Bank AG lifted its position in shares of Castle Brands by 125.6% during the 4th quarter. Deutsche Bank AG now owns 195,596 shares of the company’s stock valued at $237,000 after acquiring an additional 108,907 shares during the last quarter.
NYSEAMERICAN ROX traded up $0.04 on Monday, reaching $1.24. 394,400 shares of the stock traded hands, compared to its average volume of 368,652. Castle Brands has a 12 month low of $0.98 and a 12 month high of $2.22.
Castle Brands (NYSEAMERICAN:ROX) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.00 earnings per share (EPS) for the quarter. Castle Brands had a return on equity of 55.84% and a net margin of 2.76%. The firm had revenue of $24.08 million during the quarter, compared to analyst estimates of $20.51 million.
Castle Brands Company Profile
Castle Brands Inc develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States and internationally. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. The company offers its products under the Goslings rum, Goslings Stormy Ginger Beer, Goslings Dark ?n Stormy, Jefferson's, Jefferson's Reserve, Jefferson's Ocean Aged at Sea, Jefferson's Wine Finish Collection, Jefferson's The Manhattan, Jefferson's Chef's Collaboration, Jefferson's Wood Experiment, Jefferson's Presidential Select, Jefferson's Straight Rye, Pallini, Clontarf, Knappogue Castle Whiskey, Brady's, Boru, Tierras, Celtic Honey, Gozio, The Arran Malt, The Robert Burns, and Machrie Moor brands through a network of wholesale distributors and state-operated agencies.
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