Short Interest in Icon Energy Corp. (NASDAQ:ICON) Drops By 39.2%

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 49,530 shares, a drop of 39.2% from the July 15th total of 81,407 shares. Based on an average daily volume of 46,294 shares, the short-interest ratio is presently 1.1 days. Currently, 7.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Icon Energy stock. Citadel Advisors LLC acquired a new position in Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,018 shares of the brand management company’s stock, valued at approximately $95,000. Citadel Advisors LLC owned approximately 2.02% of Icon Energy at the end of the most recent quarter.

Icon Energy Price Performance

NASDAQ:ICON opened at $1.01 on Wednesday. Icon Energy has a one year low of $0.78 and a one year high of $11.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.52 and a current ratio of 2.57. The firm has a market cap of $698,280.00, a price-to-earnings ratio of -0.04 and a beta of 5.59. The firm’s fifty day moving average is $0.97 and its two-hundred day moving average is $1.15.

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

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.