Short Interest in Icon Energy Corp. (NASDAQ:ICON) Declines By 79.8%

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

Icon Energy Stock Performance

ICON stock traded up $0.05 during midday trading on Friday, hitting $0.98. 58,626 shares of the company traded hands, compared to its average volume of 669,065. Icon Energy has a twelve month low of $0.78 and a twelve month high of $16.75. The stock has a market capitalization 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. The business has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.51.

Icon Energy (NASDAQ:ICON) last issued its quarterly earnings data 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 Inflows and Outflows

An institutional investor recently bought a new stake in Icon Energy stock. Citadel Advisors LLC purchased a new stake in Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission.

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.