Icon Energy Corp. (NASDAQ:ICON) Sees Large Increase in Short Interest

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 81,407 shares, a growth of 77.0% from the June 30th total of 45,995 shares. Currently, 12.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,240,664 shares, the short-interest ratio is currently 0.1 days.

Icon Energy Stock Up 9.3%

Icon Energy stock traded up $0.09 during mid-day trading on Thursday, hitting $1.06. The company’s stock had a trading volume of 46,115 shares, compared to its average volume of 606,342. Icon Energy has a 52-week low of $0.78 and a 52-week high of $13.96. The company has a market cap of $731,400.00, a PE ratio of -0.04 and a beta of 5.75. 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’s 50 day moving average is $1.03 and its 200 day moving average is $1.28.

Icon Energy (NASDAQ:ICON) last released 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.

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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

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.