Short Interest in Icon Energy Corp. (NASDAQ:ICON) Declines By 39.2%

Icon Energy Corp. (NASDAQ:ICON) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 49,530 shares, a drop of 39.2% from the July 15th total of 81,407 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average daily trading volume, of 46,294 shares, the short-interest ratio is currently 1.1 days.

Icon Energy Price Performance

Shares of ICON opened at $1.01 on Thursday. Icon Energy has a 1-year low of $0.78 and a 1-year high of $11.85. The stock has a market cap of $696,900.00, a PE ratio of -0.04 and a beta of 5.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.55 and a quick ratio of 2.52. The firm has a fifty day moving average price of $0.97 and a 200 day moving average price of $1.15.

Icon Energy (NASDAQ:ICON) last issued its quarterly earnings data on Friday, August 14th. The brand management company reported ($0.62) earnings per share (EPS) for the quarter. The business had revenue of $4.19 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Icon Energy stock. Citadel Advisors LLC bought a new position in shares of Icon Energy Corp. (NASDAQ:ICON) during the 3rd quarter, according to the company in its most recent filing 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 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.