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

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

Institutional Investors Weigh In On Icon Energy

A hedge fund recently bought a new stake in Icon Energy stock. Citadel Advisors LLC acquired a new stake in Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent filing with the Securities & 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 Performance

NASDAQ:ICON traded down $0.01 on Tuesday, hitting $1.02. The company’s stock had a trading volume of 9,216 shares, compared to its average volume of 557,950. 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 stock has a fifty day moving average of $0.97 and a two-hundred day moving average of $1.16. The firm has a market capitalization of $705,840.00, a P/E ratio of -0.04 and a beta of 5.59. Icon Energy has a one year low of $0.78 and a one year high of $11.85.

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