Icon Energy Corp. (NASDAQ:ICON) Short Interest Down 63.5% in May

Icon Energy Corp. (NASDAQ:ICON) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 53,092 shares, a decline of 63.5% from the May 14th total of 145,590 shares. Based on an average daily trading volume, of 65,481 shares, the short-interest ratio is presently 0.8 days. Approximately 7.7% of the shares of the stock are sold short.

Icon Energy Price Performance

Shares of ICON traded up $0.02 during midday trading on Friday, reaching $0.93. The stock had a trading volume of 220,601 shares, compared to its average volume of 343,121. Icon Energy has a 52 week low of $0.78 and a 52 week high of $16.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.57 and a quick ratio of 1.03. The firm’s 50 day moving average price is $1.17 and its 200-day moving average price is $1.91. The company has a market capitalization of $644,943.00, a P/E ratio of -0.04 and a beta of 5.75.

Icon Energy (NASDAQ:ICON) last released its quarterly earnings data on Tuesday, June 9th. The brand management company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($2.30) by $1.97. The company had revenue of $3.65 million for the quarter, compared to the consensus estimate of $3.20 million.

Hedge Funds Weigh In On Icon Energy

A hedge fund recently bought a new stake in Icon Energy stock. Yorkville Advisors Global LP bought a new position in Icon Energy Corp. (NASDAQ:ICON) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,249 shares of the brand management company’s stock, valued at approximately $95,000. Icon Energy comprises about 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 27th biggest position. Yorkville Advisors Global LP owned approximately 2.03% of Icon Energy at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

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

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.