Icon Energy Corp. (NASDAQ:ICON) Sees Significant Growth in Short Interest

Icon Energy Corp. (NASDAQ:ICON) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 81,407 shares, an increase of 77.0% from the June 30th total of 45,995 shares. Currently, 12.4% of the company’s stock are short sold. Based on an average daily volume of 1,240,664 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new stake in Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period.

Icon Energy Trading Down 1.9%

Shares of NASDAQ:ICON opened at $1.04 on Friday. The company’s 50-day moving average price is $1.02 and its two-hundred day moving average price is $1.27. Icon Energy has a one year low of $0.78 and a one year high of $13.96. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.57 and a quick ratio of 2.52. The stock has a market capitalization of $717,600.00, a PE ratio of -0.04 and a beta of 5.75.

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

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.