Icon Energy Corp. (NASDAQ:ICON) Short Interest Down 53.0% in August

Icon Energy Corp. (NASDAQ:ICON) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 23,262 shares, a drop of 53.0% from the July 30th total of 49,530 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 23,166 shares, the days-to-cover ratio is presently 1.0 days.

Icon Energy Stock Performance

Shares of ICON traded up $0.01 during midday trading on Friday, hitting $0.98. 9,225 shares of the stock traded hands, compared to its average volume of 18,728. The business’s 50 day moving average price is $0.98 and its two-hundred day moving average price is $1.12. The firm has a market capitalization of $676,545.00, a PE ratio of -0.04 and a beta of 5.59. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.50 and a current ratio of 1.55. Icon Energy has a 1-year low of $0.78 and a 1-year high of $11.85.

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 company had revenue of $4.19 million for the quarter.

Institutional Investors 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 the company in its most recent disclosure with the SEC. The fund 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 reporting period.

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.