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

Snail, Inc. (NASDAQ:SNAL) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,523,391 shares, a decrease of 75.5% from the April 15th total of 6,229,328 shares. Currently, 12.7% of the company’s shares are short sold. Based on an average trading volume of 5,066,519 shares, the days-to-cover ratio is currently 0.3 days.

Snail Price Performance

SNAL stock traded down $0.00 on Wednesday, reaching $0.50. 29,968,875 shares of the company traded hands, compared to its average volume of 5,437,785. Snail has a one year low of $0.34 and a one year high of $2.16. The company has a market cap of $18.97 million, a P/E ratio of -0.68 and a beta of 1.11. The firm has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $0.76.

Snail (NASDAQ:SNAL) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.26. Snail had a negative return on equity of 12.69% and a negative net margin of 17.79%.The company had revenue of $26.90 million during the quarter, compared to analyst estimates of $18.00 million. On average, sell-side analysts forecast that Snail will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SNAL shares. Weiss Ratings downgraded Snail from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Zacks Research upgraded Snail from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Noble Financial restated an “outperform” rating on shares of Snail in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Snail presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNAL. Susquehanna International Group LLP increased its position in Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after buying an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in Snail during the 2nd quarter valued at $59,000. Magnus Financial Group LLC purchased a new stake in Snail during the 4th quarter valued at $99,000. Finally, Connective Capital Management LLC purchased a new stake in Snail during the 3rd quarter valued at $158,000. Institutional investors own 0.36% of the company’s stock.

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.