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

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

Icon Energy Stock Up 4.6%

Shares of NASDAQ ICON opened at $1.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. Icon Energy has a 12 month low of $0.78 and a 12 month high of $16.75. The firm has a market capitalization of $938,400.00, a PE ratio of -0.06 and a beta of 5.39. The firm has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $2.22.

Icon Energy (NASDAQ:ICONGet Free Report) last issued its quarterly earnings data on Saturday, February 14th. The brand management company reported ($1.39) EPS for the quarter. The business had revenue of $3.53 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Icon Energy stock. Yorkville Advisors Global LP purchased a new position in Icon Energy Corp. (NASDAQ:ICONFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,249 shares of the brand management company’s stock, valued at approximately $95,000. Icon Energy makes up 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 27th biggest holding. Yorkville Advisors Global LP owned about 2.03% of Icon Energy as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Icon Energy to a “hold” rating in a report on Saturday, February 21st.

Get Our Latest Stock Report on Icon Energy

Icon Energy Company Profile

(Get Free Report)

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.

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