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

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

Icon Energy Stock Up 5.7%

Shares of ICON traded up $0.05 during mid-day trading on Friday, hitting $0.98. 58,626 shares of the company’s stock were exchanged, compared to its average volume of 669,065. The firm has a fifty day moving average of $1.13 and a two-hundred day moving average of $1.51. Icon Energy has a twelve month low of $0.78 and a twelve month high of $16.75. The stock has a market cap of $673,647.00, a price-to-earnings ratio of -0.04 and a beta of 5.75. 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 released its quarterly earnings results 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 for the quarter.

Institutional Trading of Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new stake in shares of Icon Energy Corp. (NASDAQ:ICON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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.