Icon Energy Corp. (NASDAQ:ICON) Short Interest Up 311.3% in May

Icon Energy Corp. (NASDAQ:ICON) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 145,590 shares, an increase of 311.3% from the April 30th total of 35,397 shares. Based on an average daily trading volume, of 183,015 shares, the short-interest ratio is currently 0.8 days. Currently, 22.1% 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 acquired a new stake in Icon Energy Corp. (NASDAQ:ICON) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned about 2.02% of Icon Energy at the end of the most recent reporting period.

Icon Energy Stock Performance

Shares of ICON traded up $0.04 during mid-day trading on Friday, hitting $1.40. 61,852 shares of the company’s stock were exchanged, compared to its average volume of 128,086. Icon Energy has a 52 week low of $0.78 and a 52 week high of $16.75. The stock’s 50-day simple moving average is $1.13 and its 200-day simple moving average is $2.22. The firm has a market cap of $966,000.00, a price-to-earnings ratio of -0.06 and a beta of 5.39. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.52.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Icon Energy to a “hold” rating in a research note 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.