Icon Energy Corp. (NASDAQ:ICON) Short Interest Down 66.6% in April

Icon Energy Corp. (NASDAQ:ICON) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 35,397 shares, a drop of 66.6% from the April 15th total of 106,079 shares. Currently, 5.1% of the shares of the company are short sold. Based on an average daily volume of 81,055 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new stake in Icon Energy Corp. (NASDAQ:ICON) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 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 reporting period.

Icon Energy Stock Performance

NASDAQ:ICON traded up $0.02 during mid-day trading on Friday, hitting $1.52. 284,364 shares of the stock were exchanged, compared to its average volume of 716,114. The stock has a market capitalization of $1.05 million, a price-to-earnings ratio of -0.06 and a beta of 5.39. The firm’s 50-day simple moving average is $1.10 and its 200 day simple moving average is $2.66. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.03 and a current ratio of 1.10. Icon Energy has a fifty-two week low of $0.78 and a fifty-two week high of $16.75.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings results on Saturday, February 14th. The brand management company reported ($1.39) earnings per share for the quarter. The company had revenue of $3.53 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.