Castle Brands Inc (NYSEAMERICAN:ROX) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,320,451 shares, a growth of 7.1% from the January 15th total of 4,035,653 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily trading volume, of 176,796 shares, the days-to-cover ratio is presently 24.4 days.
ROX has been the subject of several recent research reports. Barrington Research set a $2.00 target price on shares of Castle Brands and gave the stock a “buy” rating in a report on Monday, November 12th. Maxim Group initiated coverage on shares of Castle Brands in a report on Wednesday, January 16th. They set a “hold” rating for the company.
In related news, Director Phillip Md Et Al Frost purchased 75,000 shares of Castle Brands stock in a transaction dated Thursday, December 27th. The stock was bought at an average price of $0.83 per share, for a total transaction of $62,250.00. Following the completion of the acquisition, the director now directly owns 794,776 shares of the company’s stock, valued at $659,664.08. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought 211,500 shares of company stock valued at $175,420 in the last quarter.
ROX stock traded down $0.03 during trading hours on Monday, reaching $0.80. The stock had a trading volume of 564,736 shares, compared to its average volume of 216,202. Castle Brands has a fifty-two week low of $0.74 and a fifty-two week high of $1.42.
Castle Brands (NYSEAMERICAN:ROX) last announced its quarterly earnings results on Friday, February 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $22.54 million for the quarter, compared to analysts’ expectations of $26.20 million.
About Castle Brands
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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