Icon Energy Corp. (NASDAQ:ICON) Short Interest Up 77.0% in July

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

Institutional Trading of Icon Energy

A hedge fund recently bought a new position in Icon Energy stock. Citadel Advisors LLC purchased a new position in shares of Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned approximately 2.02% of Icon Energy at the end of the most recent quarter.

Icon Energy Price Performance

Shares of ICON traded down $0.02 during trading hours on Friday, hitting $1.04. 10,584 shares of the company were exchanged, compared to its average volume of 602,235. 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 has a fifty-two week low of $0.78 and a fifty-two week high of $13.96. The company has a market cap of $719,680.00, a price-to-earnings ratio of -0.04 and a beta of 5.75. The firm’s fifty day moving average is $1.03 and its 200 day moving average is $1.27.

Icon Energy (NASDAQ:ICON) last posted its quarterly earnings results on Friday, May 15th. The brand management company reported ($0.33) EPS for the quarter. The company 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.