Snail, Inc. (NASDAQ:SNAL) Short Interest Update

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,523,391 shares, a decrease of 75.5% from the April 15th total of 6,229,328 shares. Based on an average daily volume of 5,066,519 shares, the days-to-cover ratio is presently 0.3 days. Currently, 12.7% of the shares of the stock are sold short.

Snail Stock Performance

SNAL stock traded down $0.00 during trading on Wednesday, hitting $0.50. 29,968,875 shares of the company traded hands, compared to its average volume of 5,437,785. The firm has a market capitalization of $18.97 million, a PE ratio of -0.68 and a beta of 1.11. Snail has a 1 year low of $0.34 and a 1 year high of $2.16. The company has a 50-day moving average of $0.62 and a 200-day moving average of $0.76.

Snail (NASDAQ:SNAL) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.26. The company had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $18.00 million. Snail had a negative return on equity of 12.69% and a negative net margin of 17.79%. Sell-side analysts expect that Snail will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Snail

Institutional investors have recently bought and sold shares of the stock. Connective Capital Management LLC bought a new position in Snail during the 3rd quarter valued at approximately $158,000. Magnus Financial Group LLC bought a new stake in shares of Snail in the 4th quarter worth approximately $99,000. Evergreen Capital Management LLC purchased a new position in shares of Snail during the second quarter valued at approximately $59,000. Finally, Susquehanna International Group LLP raised its holdings in shares of Snail by 63.3% during the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after acquiring an additional 11,601 shares in the last quarter. 0.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNAL has been the subject of a number of research reports. Noble Financial reiterated an “outperform” rating on shares of Snail in a report on Tuesday, April 14th. Weiss Ratings cut Snail from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Snail from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Snail has an average rating of “Hold”.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.