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.
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.
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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