Icon Energy Corp. (NASDAQ:ICON) Short Interest Update

Icon Energy Corp. (NASDAQ:ICON) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 53,092 shares, a drop of 63.5% from the May 14th total of 145,590 shares. Based on an average daily trading volume, of 65,481 shares, the days-to-cover ratio is presently 0.8 days. Currently, 7.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Icon Energy

An institutional investor recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new position in Icon Energy Corp. (NASDAQ:ICON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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.

Icon Energy Stock Performance

Icon Energy stock traded up $0.02 during mid-day trading on Friday, reaching $0.93. The company’s stock had a trading volume of 220,601 shares, compared to its average volume of 343,121. The firm has a market cap of $644,943.00, a price-to-earnings ratio of -0.04 and a beta of 5.75. The business has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.91. The company has a current ratio of 2.57, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15. Icon Energy has a twelve month low of $0.78 and a twelve month high of $16.75.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings data on Tuesday, June 9th. The brand management company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($2.30) by $1.97. The business had revenue of $3.65 million during the quarter, compared to analyst estimates of $3.20 million.

Analyst Upgrades and Downgrades

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