Icon Energy Corp. (NASDAQ:ICON) Sees Significant Growth in Short Interest

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

Institutional Inflows and Outflows

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

Icon Energy Stock Performance

NASDAQ:ICON opened at $0.91 on Monday. The company has a market cap of $631,074.00, a P/E ratio of -0.04 and a beta of 5.75. The stock’s fifty day moving average price is $1.15 and its two-hundred day moving average price is $1.67. Icon Energy has a 1 year low of $0.78 and a 1 year 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.

Icon Energy (NASDAQ:ICON) last posted its quarterly earnings results on Friday, May 15th. The brand management company reported ($0.33) EPS for the quarter. The firm 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.