Snail, Inc. (NASDAQ:SNAL) Short Interest Down 30.7% in February

Snail, Inc. (NASDAQ:SNAL) was the target of a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,972 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 15,972 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

SNAL has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snail in a research report on Monday, December 22nd. Zacks Research upgraded shares of Snail from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Snail currently has an average rating of “Reduce”.

Snail Stock Down 3.3%

Shares of SNAL traded down $0.02 during trading hours on Friday, hitting $0.61. The company had a trading volume of 31,046 shares, compared to its average volume of 23,244. Snail has a 52-week low of $0.58 and a 52-week high of $2.15. The stock’s 50 day moving average price is $0.70 and its 200 day moving average price is $0.88. The firm has a market cap of $23.04 million, a P/E ratio of -0.90 and a beta of 0.60.

Hedge Funds Weigh In On Snail

A number of large investors have recently bought and sold shares of the stock. Magnus Financial Group LLC bought a new stake in Snail in the fourth quarter valued at approximately $99,000. Connective Capital Management LLC bought a new position in shares of Snail in the third quarter worth approximately $158,000. Susquehanna International Group LLP increased its stake in shares of Snail by 63.3% in the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after buying an additional 11,601 shares during the period. Finally, Evergreen Capital Management LLC bought a new stake in Snail during the 2nd quarter valued at $59,000. 0.36% of the stock is owned by hedge funds and other 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.