Icon Energy Corp. (NASDAQ:ICON) Short Interest Up 328.4% in June

Icon Energy Corp. (NASDAQ:ICON) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 227,460 shares, an increase of 328.4% from the May 31st total of 53,092 shares. Approximately 34.5% of the shares of the company are short sold. Based on an average daily trading volume, of 528,021 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC bought a new stake in Icon Energy Corp. (NASDAQ:ICON) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned 2.02% of Icon Energy at the end of the most recent reporting period.

Icon Energy Stock Performance

Shares of ICON traded up $0.02 during mid-day trading on Friday, reaching $0.91. The company had a trading volume of 38,516 shares, compared to its average volume of 348,822. The stock has a market capitalization of $632,903.20, a P/E ratio of -0.04 and a beta of 5.75. Icon Energy has a 52-week low of $0.78 and a 52-week high of $16.75. The stock has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.69. The company has a quick ratio of 2.52, a current ratio of 2.57 and a debt-to-equity ratio of 1.15.

Icon Energy (NASDAQ:ICON) last announced 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 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.