Castle Brands Inc (NYSEAMERICAN:ROX) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,145,656 shares, a decrease of 4.2% from the October 15th total of 4,327,308 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 203,963 shares, the short-interest ratio is currently 20.3 days.
NYSEAMERICAN ROX opened at $0.96 on Friday. Castle Brands has a 12-month low of $0.90 and a 12-month high of $1.42.
Castle Brands (NYSEAMERICAN:ROX) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.01). The business had revenue of $23.10 million for the quarter, compared to analyst estimates of $22.48 million.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new stake in shares of Castle Brands during the second quarter worth about $136,000. Hartline Investment Corp boosted its holdings in shares of Castle Brands by 2.6% during the second quarter. Hartline Investment Corp now owns 3,090,860 shares of the company’s stock worth $3,678,000 after purchasing an additional 78,233 shares during the period. Millennium Management LLC boosted its holdings in shares of Castle Brands by 4.6% during the first quarter. Millennium Management LLC now owns 1,230,000 shares of the company’s stock worth $1,525,000 after purchasing an additional 54,400 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Castle Brands by 19.8% during the second quarter. BlackRock Inc. now owns 4,717,957 shares of the company’s stock worth $5,614,000 after purchasing an additional 778,334 shares during the period.
Separately, Barrington Research set a $2.00 price target on shares of Castle Brands and gave the company a “buy” rating in a research report on Tuesday.
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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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