Iconix Brand Group June 15th Short Interest Update

Iconix Brand Group (NASDAQ:ICON) has witnessed a rise of 1.9% or 242,517 shares in its short figure. The short interest augmentation took it from 12,936,643 on May 31,2016 to 13,179,160 on June 15,2016. In terms of floated shares, the short interest was calculated to be 27.9%. The days to cover are 15 given that the daily volume averaged 905,603 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Iconix Brand Group (NASDAQ:ICON): The stock opened at $6.91 on Friday but the bulls could not build on the opening and the stock topped out at $7.24 for the day. The stock traded down to $6.68 during the day, due to lack of any buying support eventually closed down at $7.03 with a loss of -2.90% for the day. The stock had closed at $7.24 on the previous day. The total traded volume was 2,170,122 shares.

The company shares have dropped -72.17% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $26.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.65 and the 200 Day Moving Average price is recorded at $7.43.

Iconix Brand Group (NASDAQ:ICON) has tumbled 8.52% during the past week and has dropped 7.01% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.01%. Iconix Brand Group (NASDAQ:ICON) has underperformed the index by 4.2% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Iconix Brand Group, Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across womens, mens, entertainment and home. The Companys brand portfolio includes Candies, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd., Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick Graham, Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products, including apparel, footwear, fashion accessories, sportswear, home products and decor, and beauty and fragrance, and in the case of its Sharper Image brand, consumer electronics and novelty products.

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