Castle Brands Incorporated (NYSEMKT:ROX) Could Improve Your Long Portfolio After Less Shorts Reported

September 17, 2017 - By Linda Rogers

 Castle Brands Incorporated (NYSEMKT:ROX) Could Improve Your Long Portfolio After Less 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 6.49M shares in September as published by FINRA. Its down 1.71% from 6.61 million 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: Seekingalpha.com which released: “Castle Brands Is Interesting, But Even $1.40 Looks Too Expensive” on September 15, 2017, also Nasdaq.com with their article: “Can Castle Brands (ROX) Pull a Surprise in Q1 Earnings?” published on August 07, 2017, Zacks.com published: “Castle Brands (ROX) Shares March Higher, Can It Continue? March 07, 2017” on November 10, 2016. 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 Zacks.com‘s news article titled: “Can The Uptrend Continue for Castle Brands (ROX)? April 06, 2017” with publication date: April 06, 2017.

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