Castle Brands Inc (ROX) Short Interest Down 2.2% in December

Castle Brands Inc (NYSEAMERICAN:ROX) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,144,335 shares, a decrease of 2.2% from the December 14th total of 4,239,170 shares. Based on an average daily volume of 344,468 shares, the days-to-cover ratio is presently 12.0 days. Currently, 4.6% of the shares of the company are sold short.

Shares of Castle Brands stock opened at $0.89 on Friday. Castle Brands has a 12-month low of $0.74 and a 12-month high of $1.42.

In other Castle Brands news, Director Phillip Md Et Al Frost acquired 75,000 shares of the company’s stock in a transaction on Thursday, December 27th. The shares were acquired at an average cost of $0.83 per share, with a total value of $62,250.00. Following the completion of the acquisition, the director now directly owns 794,776 shares in the company, valued at $659,664.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 181,500 shares of company stock worth $148,220.

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Castle Brands in the third quarter worth about $104,000. Virtu Financial LLC lifted its holdings in shares of Castle Brands by 360.5% in the third quarter. Virtu Financial LLC now owns 115,988 shares of the company’s stock worth $125,000 after buying an additional 90,802 shares in the last quarter. Hartline Investment Corp lifted its holdings in shares of Castle Brands by 4.3% in the third quarter. Hartline Investment Corp now owns 3,222,524 shares of the company’s stock worth $3,448,000 after buying an additional 131,664 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Castle Brands by 0.5% in the third quarter. Vanguard Group Inc now owns 4,442,006 shares of the company’s stock worth $4,753,000 after buying an additional 20,410 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Castle Brands by 19.8% in 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 last quarter.

Separately, Barrington Research set a $2.00 price target on shares of Castle Brands and gave the stock a “buy” rating in a report on Tuesday, November 6th.

COPYRIGHT VIOLATION NOTICE: “Castle Brands Inc (ROX) Short Interest Down 2.2% in December” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.com-unik.info/2019/01/12/castle-brands-inc-rox-short-interest-down-2-2-in-december.html.

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.

Featured Story: Earnings Reports

Receive News & Ratings for Castle Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit