Short Interest in Icon Energy Corp. (NASDAQ:ICON) Declines By 53.0%

Icon Energy Corp. (NASDAQ:ICON) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,262 shares, a decrease of 53.0% from the July 30th total of 49,530 shares. Based on an average trading volume of 23,166 shares, the short-interest ratio is currently 1.0 days. Currently, 3.4% of the shares of the stock are short sold.

Institutional Trading of Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC bought a new position in shares of Icon Energy Corp. (NASDAQ:ICON) in the 3rd quarter, according to the company in 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 Price Performance

NASDAQ:ICON traded up $0.01 during mid-day trading on Friday, reaching $0.98. The stock had a trading volume of 9,225 shares, compared to its average volume of 18,684. Icon Energy has a 12 month low of $0.78 and a 12 month high of $11.85. The stock has a market capitalization of $676,545.00, a PE ratio of -0.04 and a beta of 5.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.55 and a quick ratio of 1.50. The stock has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $1.11.

Icon Energy (NASDAQ:ICON) last released its earnings results on Friday, August 14th. The brand management company reported ($0.62) earnings per share for the quarter. The business had revenue of $4.19 million during the quarter.

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.