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

Icon Energy Corp. (NASDAQ:ICON) saw a significant drop in short interest in the month of 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 shares of the company are sold short. Based on an average daily volume of 81,055 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Icon Energy

A hedge fund recently bought a new stake in Icon Energy stock. Citadel Advisors LLC purchased a new position in Icon Energy Corp. (NASDAQ:ICON) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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.

Analysts Set New Price Targets

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

Icon Energy Price Performance

NASDAQ ICON traded up $0.02 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 twelve month low of $0.78 and a twelve month high of $16.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.03 and a current ratio of 1.10. The stock has a market cap of $1.05 million, a PE ratio of -0.06 and a beta of 5.39. The firm’s 50 day moving average is $1.10 and its two-hundred day moving average is $2.66.

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