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

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

Icon Energy Stock Down 0.3%

Shares of ICON traded down $0.00 during midday trading on Monday, hitting $0.98. The company had a trading volume of 16,875 shares, compared to its average volume of 528,386. The company’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.11. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.50 and a current ratio of 1.55. The firm has a market capitalization of $674,544.00, a P/E ratio of -0.04 and a beta of 5.59. Icon Energy has a 1 year low of $0.78 and a 1 year high of $11.85.

Icon Energy (NASDAQ:ICONGet Free Report) last issued its earnings results on Friday, August 14th. The brand management company reported ($0.62) EPS 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 purchased a new stake in Icon Energy Corp. (NASDAQ:ICONFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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 reporting period.

About Icon Energy

(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.

Further Reading

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