Castle Brands (NYSEMKT:ROX) has witnessed a rise of 1% or 30,976 shares in its short figure. The short interest augmentation took it from 2,981,082 on May 31,2016 to 3,012,058 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4%. The days to cover are 24 given that the daily volume averaged 126,853 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Castle Brands (NYSEMKT:ROX): The stock opened at $0.72 on Friday but the bulls could not build on the opening and the stock topped out at $0.75 for the day. The stock traded down to $0.71 during the day, due to lack of any buying support eventually closed down at $0.73 with a loss of -3.66% for the day. The stock had closed at $0.75 on the previous day. The total traded volume was 5,602,255 shares.
The company shares have dropped -47.10% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $1.47 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $0.84 and the 200 Day Moving Average price is recorded at $0.96.
Castle Brands (NYSEMKT:ROX) has tumbled 12.7% during the past week and has dropped 19.28% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 11.25%. Castle Brands (NYSEMKT:ROX) has underperformed the index by 16.84% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Castle Brands Inc. develops and markets premium and super premium brands in the beverage alcohol categories. The Companys beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. It distributes its products in the United States and the District of Columbia, and in primary international markets, including Ireland, Great Britain, Northern Ireland, Germany, Canada, Israel, Bulgaria, France, Finland, Norway, Sweden, Denmark, China and in other countries. Its brands include Goslings rum, Goslings Stormy Ginger Beer, Goslings Dark n Stormy ready-to-drink cocktail, Jeffersons bourbon, Jeffersons Reserve, Jeffersons Ocean Aged at Sea, Jeffersons The Manhattan: Barrel Finished Cocktail, Jeffersons Chefs Collaboration, Jeffersons Presidential Select, Jeffersons Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Bradys Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur, Castello Mio Sambuca and Gozio amaretto.