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

Icon Energy Corp. (NASDAQ:ICON) saw a significant drop in short interest during 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. Currently, 7.7% of the shares of the company are sold short. Based on an average daily volume of 65,481 shares, the days-to-cover ratio is presently 0.8 days.

Icon Energy Stock Performance

Shares of NASDAQ ICON traded up $0.02 during mid-day 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 debt-to-equity ratio of 1.15, a current ratio of 2.57 and a quick ratio of 1.03. The business’s 50-day simple moving average is $1.17 and its 200-day simple moving average is $1.91. Icon Energy has a 12 month low of $0.78 and a 12 month high of $16.75. The firm has a market cap of $644,943.00, a P/E ratio of -0.04 and a beta of 5.75.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Icon Energy to a “hold” rating in a research report on Saturday, February 21st.

Institutional Investors 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.