Icon Energy Corp. (NASDAQ:ICON) Short Interest Update

Icon Energy Corp. (NASDAQ:ICON) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 45,995 shares, a decrease of 79.8% from the June 15th total of 227,460 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average daily trading volume, of 67,746 shares, the days-to-cover ratio is presently 0.7 days.

Icon Energy Stock Performance

Shares of Icon Energy stock traded down $0.04 during mid-day trading on Monday, hitting $0.94. 34,502 shares of the stock were exchanged, compared to its average volume of 661,024. Icon Energy has a 12 month low of $0.78 and a 12 month high of $16.75. The company has a 50-day simple moving average of $1.13 and a 200 day simple moving average of $1.48. The company has a market capitalization of $648,324.00, a P/E ratio of -0.04 and a beta of 5.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.52 and a current ratio of 2.57.

Icon Energy (NASDAQ:ICON) last issued its quarterly earnings results on Friday, May 15th. The brand management company reported ($0.33) earnings per share for the quarter. The company had revenue of $3.65 million for the quarter.

Institutional Investors Weigh In On Icon Energy

A hedge fund recently bought a new stake in Icon Energy stock. Citadel Advisors LLC purchased a new position in shares of Icon Energy Corp. (NASDAQ:ICON) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned about 2.02% of Icon Energy as of its most recent SEC filing.

About Icon Energy

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.