What’s Propelling Castle Brands Incorporated (NYSEMKT:ROX) After Lower Shorts Reported?

September 17, 2017 - By Louis Casey

 What’s Propelling Castle Brands Incorporated (NYSEMKT:ROX) After Lower Shorts Reported?

The stock of Castle Brands Incorporated (NYSEMKT:ROX) registered a decrease of 1.71% in short interest. ROX’s total short interest was 6.49 million shares in September as published by FINRA. Its down 1.71% from 6.61M shares, reported previously. With 619,700 shares average volume, it will take short sellers 11 days to cover their ROX’s short positions. The short interest to Castle Brands Incorporated’s float is 7.56%.

The stock decreased 1.42% or $0.02 on September 15, reaching $1.39. About 664,084 shares traded. Castle Brands Inc (NYSEMKT:ROX) has risen 112.64% since September 17, 2016 and is uptrending. It has outperformed by 95.94% the S&P500.

Castle Brands Inc. develops and markets premium and super premium brands in the beverage alcohol categories. The company has market cap of $228.39 million. The Firm is engaged in the sale of premium beverage alcohol. It currently has negative earnings. The Company’s beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila.

More notable recent Castle Brands Inc (NYSEMKT:ROX) news were published by: Fool.com which released: “Why Castle Brands Inc.’s Shares Popped 20% Today” on March 30, 2017, also Zacks.com with their article: “Can The Uptrend Continue for Castle Brands (ROX)? April 06, 2017” published on April 06, 2017, Seekingalpha.com published: “Castle Brands Is Interesting, But Even $1.40 Looks Too Expensive” on September 15, 2017. More interesting news about Castle Brands Inc (NYSEMKT:ROX) were released by: Nasdaq.com and their article: “Castle Brands (ROX) Incurs Loss in Q1, Beats on Revenues” published on August 10, 2017 as well as Prnewswire.com‘s news article titled: “Castle Brands Announces Fourth Quarter and Fiscal 2017 Results” with publication date: June 14, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.