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

Icon Energy Corp. (NASDAQ:ICON) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 227,460 shares, an increase of 328.4% from the May 31st total of 53,092 shares. Approximately 34.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 528,021 shares, the short-interest ratio is currently 0.4 days.

Icon Energy Price Performance

NASDAQ:ICON traded up $0.02 during trading hours on Friday, reaching $0.91. The stock had a trading volume of 38,516 shares, compared to its average volume of 348,822. The stock has a market capitalization of $631,074.00, a PE ratio of -0.04 and a beta of 5.75. Icon Energy has a 52 week low of $0.78 and a 52 week high of $16.75. The company has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $1.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.52 and a current ratio of 2.57.

Icon Energy (NASDAQ:ICON) last posted its earnings results on Friday, May 15th. The brand management company reported ($0.33) earnings per share for the quarter. The company had revenue of $3.65 million for the quarter.

Hedge Funds Weigh In On Icon Energy

A hedge fund recently bought a new position in Icon Energy stock. Citadel Advisors LLC bought a new stake in shares of Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.

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.