Short Interest in Icon Energy Corp. (NASDAQ:ICON) Drops By 39.2%

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 49,530 shares, a decrease of 39.2% from the July 15th total of 81,407 shares. Based on an average daily volume of 46,294 shares, the short-interest ratio is presently 1.1 days. Currently, 7.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new position in shares of Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent 13F filing with the Securities and 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 Stock Down 1.0%

Shares of NASDAQ:ICON traded down $0.01 during trading on Tuesday, hitting $1.02. 9,216 shares of the company were exchanged, compared to its average volume of 557,950. Icon Energy has a fifty-two week low of $0.78 and a fifty-two week high of $11.85. The stock has a market cap of $705,840.00, a price-to-earnings ratio of -0.04 and a beta of 5.59. The company has a current ratio of 2.57, a quick ratio of 2.52 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average price of $0.97 and a two-hundred day moving average price of $1.16.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings data on Friday, August 14th. The brand management company reported ($0.62) EPS for the quarter. The firm had revenue of $4.19 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.