Icon Energy Corp. (NASDAQ:ICON) Short Interest Up 328.4% in June

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 227,460 shares, an increase of 328.4% from the May 31st total of 53,092 shares. Currently, 34.5% of the shares of the company are sold short. Based on an average daily trading volume, of 528,021 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Icon Energy stock. Yorkville Advisors Global LP purchased a new position in shares of Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,249 shares of the brand management company’s stock, valued at approximately $95,000. Icon Energy accounts for about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 27th largest holding. Yorkville Advisors Global LP owned approximately 2.03% of Icon Energy at the end of the most recent quarter.

Icon Energy Stock Performance

NASDAQ:ICON traded up $0.02 during midday trading on Friday, hitting $0.91. The company’s stock had a trading volume of 38,516 shares, compared to its average volume of 348,822. Icon Energy has a fifty-two week low of $0.78 and a fifty-two week high of $16.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.57 and a quick ratio of 2.52. The firm has a market cap of $632,903.20, a P/E ratio of -0.04 and a beta of 5.75. The firm’s 50 day moving average is $1.15 and its 200-day moving average is $1.69.

Icon Energy (NASDAQ:ICON) last announced its quarterly earnings data on Friday, May 15th. The brand management company reported ($0.33) EPS for the quarter. The business had revenue of $3.65 million for 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.