Today, Castle Brands Inc (ROX) Sees Large Growth in Short Interest

Today, Castle Brands Inc (ROX) Sees Large Growth in Short Interest

Castle Brands Inc (NYSE:ROX) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,194,681 shares, an increase of 15.7% from the October 31st total of 1,032,442 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 123,966 shares, the short-interest ratio is presently 9.6 days.

Shares of Castle Brands (NYSE:ROX) traded up 0.0000% during mid-day trading on Friday, reaching $0.7599. 47,807 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $0.79 and its 200-day moving average is $0.84. Castle Brands has a 52-week low of $0.70 and a 52-week high of $1.34. The stock’s market cap is $122.31 million.

ROX has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Castle Brands from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. TheStreet raised shares of Castle Brands from a “sell” rating to a “hold” rating in a report on Monday, September 26th.

Several hedge funds have recently bought and sold shares of the stock. Hartline Investment Corp increased its stake in Castle Brands by 0.3% in the third quarter. Hartline Investment Corp now owns 2,737,225 shares of the company’s stock worth $2,387,000 after buying an additional 8,050 shares during the period. Paloma Partners Management Co acquired a new stake in Castle Brands during the second quarter worth about $179,000. Finally, Bridgeway Capital Management Inc. increased its stake in Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock worth $688,000 after buying an additional 350,000 shares during the period.

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