Icon Energy Corp. (NASDAQ:ICON) Sees Large Drop in Short Interest

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 35,397 shares, a drop of 66.6% from the April 15th total of 106,079 shares. Based on an average daily volume of 81,055 shares, the short-interest ratio is presently 0.4 days. Approximately 5.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Icon Energy to a “hold” rating in a research report on Saturday, February 21st.

Icon Energy Trading Up 1.3%

Icon Energy stock traded up $0.02 during trading on Friday, reaching $1.52. The company had a trading volume of 284,364 shares, compared to its average volume of 128,022. Icon Energy has a 12-month low of $0.78 and a 12-month high of $16.75. The stock’s 50 day moving average price is $1.10 and its two-hundred day moving average price is $2.65. The firm has a market capitalization of $1.05 million, a price-to-earnings ratio of -0.06 and a beta of 5.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.03 and a current ratio of 1.10.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings data on Saturday, February 14th. The brand management company reported ($1.39) earnings per share (EPS) for the quarter. The business had revenue of $3.53 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Icon Energy stock. Yorkville Advisors Global LP bought a new position in shares of Icon Energy Corp. (NASDAQ:ICON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,249 shares of the brand management company’s stock, valued at approximately $95,000. Icon Energy makes up approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 27th largest holding. Yorkville Advisors Global LP owned about 2.03% of Icon Energy as of its most recent SEC filing.

Icon Energy Company Profile

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.