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

Snail, Inc. (NASDAQ:SNAL) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,551,566 shares, a decline of 76.4% from the May 14th total of 6,578,476 shares. Currently, 13.0% of the company’s stock are sold short. Based on an average trading volume of 3,371,511 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Snail

Institutional investors have recently modified their holdings of the company. Magnus Financial Group LLC bought a new position in shares of Snail during the 4th quarter worth about $99,000. Susquehanna International Group LLP lifted 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 acquiring an additional 11,601 shares during the period. Evergreen Capital Management LLC bought a new position in shares of Snail during the 2nd quarter worth about $59,000. Finally, Connective Capital Management LLC bought a new position in shares of Snail during the 3rd quarter worth about $158,000. Institutional investors and hedge funds own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNAL. Zacks Research upgraded shares of Snail from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Noble Financial reiterated an “outperform” rating on shares of Snail in a research note on Tuesday, April 14th. Wall Street Zen upgraded shares of Snail to a “buy” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings upgraded Snail from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Snail Stock Up 1.1%

Shares of SNAL stock traded up $0.01 during trading hours on Thursday, reaching $0.77. 347,644 shares of the company’s stock were exchanged, compared to its average volume of 12,459,073. The business has a fifty day moving average price of $0.75 and a 200-day moving average price of $0.75. Snail has a fifty-two week low of $0.34 and a fifty-two week high of $2.16. The stock has a market capitalization of $29.24 million, a P/E ratio of -1.25 and a beta of 1.31.

Snail (NASDAQ:SNAL) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.27. Snail had a negative net margin of 11.73% and a negative return on equity of 15.49%. The company had revenue of $26.90 million for the quarter, compared to the consensus estimate of $18.00 million. As a group, research analysts expect that Snail will post 0.14 EPS for the current fiscal 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.