Short Interest in Icon Energy Corp. (NASDAQ:ICON) Increases By 28.0%

Icon Energy Corp. (NASDAQ:ICON) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 106,079 shares, a growth of 28.0% from the March 31st total of 82,867 shares. Approximately 16.1% of the company’s stock are short sold. Based on an average trading volume of 212,032 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Icon Energy

A hedge fund recently bought a new stake in Icon Energy stock. Citadel Advisors LLC acquired a new stake in shares of Icon Energy Corp. (NASDAQ:ICON) in the third quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

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

Icon Energy Stock Up 6.1%

Shares of ICON traded up $0.07 during midday trading on Friday, hitting $1.13. 74,596 shares of the company’s stock traded hands, compared to its average volume of 778,857. Icon Energy has a 1 year low of $0.78 and a 1 year high of $16.75. The firm’s fifty day moving average is $1.11 and its 200-day moving average is $3.18. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $776,250.00, a price-to-earnings ratio of -0.05 and a beta of 5.45.

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