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

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 114,302 shares, a decrease of 86.4% from the June 30th total of 838,923 shares. Based on an average trading volume of 834,067 shares, the short-interest ratio is presently 0.1 days. Approximately 4.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Snail

Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP raised its holdings in Snail by 63.3% in the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after acquiring an additional 11,601 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Snail during the 2nd quarter valued at $59,000. Finally, Connective Capital Management LLC bought a new stake in shares of Snail in the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded Snail from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 27th. Noble Financial reissued an “outperform” rating on shares of Snail in a research report on Thursday, July 2nd. Wall Street Zen upgraded shares of Snail to a “buy” rating in a report on Saturday, May 30th. Finally, Zacks Research raised shares of Snail from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Snail Stock Performance

Shares of SNAL traded down $0.13 during mid-day trading on Monday, reaching $5.01. The company had a trading volume of 102,216 shares, compared to its average volume of 2,039,013. The company has a market capitalization of $42.65 million, a price-to-earnings ratio of -1.62 and a beta of 1.44. The firm has a 50-day moving average price of $4.06 and a 200 day moving average price of $3.60. Snail has a 52 week low of $1.70 and a 52 week high of $10.80.

Snail (NASDAQ:SNAL) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.05) by $1.35. The business 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 15.49% and a negative net margin of 11.73%. As a group, research analysts forecast that Snail will post 3.3 earnings per share for the current fiscal year.

Snail Company Profile

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.