Icon Energy Corp. (NASDAQ:ICON) Short Interest Update

Icon Energy Corp. (NASDAQ:ICON) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 45,995 shares, a decline of 79.8% from the June 15th total of 227,460 shares. Based on an average daily volume of 67,746 shares, the short-interest ratio is presently 0.7 days. Approximately 7.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Icon Energy stock. Citadel Advisors LLC bought a new position in Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned approximately 2.02% of Icon Energy at the end of the most recent quarter.

Icon Energy Trading Down 3.8%

NASDAQ:ICON traded down $0.04 during trading hours on Monday, hitting $0.94. The company had a trading volume of 34,502 shares, compared to its average volume of 661,024. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.57 and a quick ratio of 2.52. Icon Energy has a 52 week low of $0.78 and a 52 week high of $16.75. The stock has a 50-day moving average price of $1.13 and a 200 day moving average price of $1.48. The company has a market capitalization of $648,324.00, a PE ratio of -0.04 and a beta of 5.75.

Icon Energy (NASDAQ:ICON) last posted its earnings results on Friday, May 15th. The brand management company reported ($0.33) earnings per share for the quarter. The business had revenue of $3.65 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.