Snail, Inc. (NASDAQ:SNAL) Short Interest Down 86.4% in July

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

Hedge Funds Weigh In On Snail

Several hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP raised its stake in shares of 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 buying an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Snail during the second quarter valued at about $59,000. Finally, Connective Capital Management LLC bought a new position in Snail during the third quarter valued at about $158,000. 0.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Noble Financial reaffirmed an “outperform” rating on shares of Snail in a report on Thursday, July 2nd. Zacks Research raised Snail from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Weiss Ratings upgraded Snail from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen raised Snail to a “buy” rating in a research note on Saturday, May 30th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Snail Stock Performance

Shares of SNAL stock traded up $0.46 during midday trading on Friday, reaching $5.14. 115,008 shares of the company were exchanged, compared to its average volume of 479,968. Snail has a 12 month low of $1.70 and a 12 month high of $10.80. The company has a market cap of $43.79 million, a P/E ratio of -1.66 and a beta of 1.44. The company’s 50 day moving average price is $4.06 and its two-hundred day moving average price is $3.60.

Snail (NASDAQ:SNAL) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $1.35. Snail had a negative net margin of 11.73% and a negative return on equity of 15.49%. The business had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $18.00 million. As a group, sell-side analysts predict that Snail will post 3.3 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.