Icon Energy Corp. (NASDAQ:ICON) Short Interest Down 66.6% in April

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 35,397 shares, a drop of 66.6% from the April 15th total of 106,079 shares. Approximately 5.1% of the company’s stock are sold short. Based on an average daily volume of 81,055 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Yorkville Advisors Global LP acquired a new stake in Icon Energy Corp. (NASDAQ:ICON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,249 shares of the brand management company’s stock, valued at approximately $95,000. Icon Energy comprises about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 27th largest position. Yorkville Advisors Global LP owned 2.03% of Icon Energy at the end of the most recent quarter.

Icon Energy Stock Performance

Shares of ICON traded up $0.02 during mid-day trading on Friday, reaching $1.52. The company’s stock had a trading volume of 284,364 shares, compared to its average volume of 716,114. Icon Energy has a 1-year low of $0.78 and a 1-year high of $16.75. The stock has a market cap of $1.05 million, a P/E ratio of -0.06 and a beta of 5.39. The business has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $2.66. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Icon Energy to a “hold” rating in a research report on Saturday, February 21st.

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.