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

Icon Energy Corp. (NASDAQ:ICON) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 53,092 shares, a drop of 63.5% from the May 14th total of 145,590 shares. Based on an average daily trading volume, of 65,481 shares, the short-interest ratio is currently 0.8 days. Approximately 7.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

Icon Energy Price Performance

ICON stock traded up $0.02 during trading on Friday, hitting $0.93. The company had a trading volume of 220,601 shares, compared to its average volume of 343,121. The company has a fifty day moving average price of $1.17 and a two-hundred day moving average price of $1.91. The company has a current ratio of 2.57, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15. The company has a market cap of $644,943.00, a P/E ratio of -0.04 and a beta of 5.75. Icon Energy has a fifty-two week low of $0.78 and a fifty-two week high of $16.75.

Icon Energy (NASDAQ:ICON) last issued its quarterly earnings data on Tuesday, June 9th. The brand management company reported ($0.33) earnings per share (EPS) for the quarter. The business had revenue of $3.65 million during the quarter.

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.