Short Interest in Snail, Inc. (NASDAQ:SNAL) Declines By 45.6%

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 174,609 shares, a decrease of 45.6% from the August 15th total of 320,725 shares. Based on an average trading volume of 70,691 shares, the short-interest ratio is presently 2.5 days. Approximately 5.9% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research firms recently commented on SNAL. Noble Financial reaffirmed an “outperform” rating on shares of Snail in a report on Thursday, July 2nd. Zacks Research lowered Snail from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen lowered Snail from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Snail from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Snail has a consensus rating of “Hold”.

Snail Price Performance

Shares of SNAL traded down $0.02 during trading hours on Tuesday, hitting $2.60. The company’s stock had a trading volume of 22,454 shares, compared to its average volume of 1,658,273. The business has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $3.55. Snail has a 52-week low of $1.70 and a 52-week high of $10.80. The company has a market cap of $23.29 million, a price-to-earnings ratio of -2.06 and a beta of 1.22.

Snail (NASDAQ:SNAL) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($1.91). The business had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $29.00 million. Snail had a negative net margin of 8.83% and a negative return on equity of 15.49%. Research analysts predict that Snail will post 0.48 earnings per share for the current year.

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.