Icon Energy Corp. (NASDAQ:ICON) Sees Significant Growth in Short Interest

Icon Energy Corp. (NASDAQ:ICON) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 145,590 shares, an increase of 311.3% from the April 30th total of 35,397 shares. Currently, 22.1% of the company’s stock are short sold. Based on an average trading volume of 183,015 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Icon Energy

An institutional investor recently bought a new position 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 its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Icon Energy Stock Up 4.6%

Shares of Icon Energy stock opened at $1.36 on Friday. The firm has a market cap of $938,400.00, a price-to-earnings ratio of -0.06 and a beta of 5.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.10 and a quick ratio of 1.03. Icon Energy has a 1 year low of $0.78 and a 1 year high of $16.75. The company has a 50-day moving average of $1.13 and a 200 day moving average of $2.22.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings data 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.

Analysts Set New Price Targets

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