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

Icon Energy Corp. (NASDAQ:ICON) was the target of a significant 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. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily volume of 23,166 shares, the days-to-cover ratio is presently 1.0 days.

Icon Energy Price Performance

ICON traded up $0.01 on Friday, reaching $0.98. The company had a trading volume of 9,225 shares, compared to its average volume of 18,728. The company has a market capitalization of $676,545.00, a P/E ratio of -0.04 and a beta of 5.59. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $0.98 and a 200-day moving average of $1.12. Icon Energy has a one year low of $0.78 and a one year high of $11.85.

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

Institutional Investors Weigh In On Icon Energy

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 its most recent 13F filing with the Securities & 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 2.02% of Icon Energy at the end of the most recent reporting period.

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.