Snail, Inc. (NASDAQ:SNAL) Sees Significant Decline in Short Interest

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 12,725 shares, a decrease of 30.7% from the February 12th total of 18,362 shares. Based on an average daily trading volume, of 15,972 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 15,972 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. Zacks Research upgraded shares of Snail from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Snail Trading Down 3.3%

Shares of SNAL stock opened at $0.61 on Monday. The stock has a market cap of $23.04 million, a P/E ratio of -0.90 and a beta of 0.60. The stock has a 50 day simple moving average of $0.70 and a 200 day simple moving average of $0.88. Snail has a 1 year low of $0.58 and a 1 year high of $2.15.

Institutional Trading of Snail

A number of institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its holdings in shares of Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after purchasing an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Snail in the second quarter valued at about $59,000. Magnus Financial Group LLC acquired a new position in Snail in the fourth quarter valued at about $99,000. Finally, Connective Capital Management LLC bought a new stake in Snail during the third quarter worth about $158,000. 0.36% of the stock is currently owned by institutional investors.

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.