Castle Brands Short Interest Down 12.4% in March (ROX)
Posted by Masoud Bidgoli on Apr 13th, 2015
Castle Brands (NYSE:ROX) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,000,318 shares, a drop of 12.4% from the March 13th total of 1,141,756 shares, Stock Ratings Network reports. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 236,223 shares, the short-interest ratio is presently 4.2 days.
Separately, analysts at TheStreet upgraded shares of Castle Brands from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd.
Castle Brands (NYSE:ROX) opened at 1.49 on Monday. Castle Brands has a one year low of $0.78 and a one year high of $2.03. The stock’s 50-day moving average is $1. and its 200-day moving average is $1.. The company’s market cap is $233.83 million.
Castle Brands Inc develops and markets beverage alcohol categories. The Company’s beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. The Company distributes products in 50 states of the United States and the District of Columbia, in 13 primary international markets, including Ireland, Great Britain, Northern Ireland, Germany, Canada, South Africa, Bulgaria, France, Russia, Finland, Norway, Sweden, China and the Duty Free markets, and in other countries in continental Europe and Latin America.
