Castle Brands Inc (NYSEAMERICAN:ROX) was the recipient of a significant drop in short interest in December. As of December 29th, there was short interest totalling 6,187,806 shares, a drop of 16.1% from the December 15th total of 7,378,896 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily volume of 492,831 shares, the days-to-cover ratio is currently 12.6 days.
Several equities analysts have weighed in on the company. TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Zacks Investment Research raised Castle Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Barrington Research lifted their target price on Castle Brands from $1.80 to $2.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd.
Shares of Castle Brands (NYSEAMERICAN ROX) opened at $1.16 on Thursday. Castle Brands has a 1 year low of $0.72 and a 1 year high of $2.22.
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Castle Brands Company Profile
Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.
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