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

Snail, Inc. (NASDAQ:SNAL) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 12,725 shares, a drop of 30.7% from the February 12th total of 18,362 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 15,972 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 15,972 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNAL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a research note on Monday, December 22nd. Zacks Research raised Snail from a “strong sell” rating to a “hold” rating in a research note 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. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Magnus Financial Group LLC purchased a new stake in shares of Snail in the 4th quarter worth about $99,000. Connective Capital Management LLC purchased a new position in shares of Snail during the third quarter valued at about $158,000. Susquehanna International Group LLP increased its position in shares of Snail by 63.3% during the third 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 during the period. Finally, Evergreen Capital Management LLC bought a new position in Snail in the second quarter worth about $59,000. 0.36% of the stock is currently owned by institutional investors.

Snail Stock Performance

Shares of Snail stock traded down $0.02 during midday trading on Friday, reaching $0.61. 31,046 shares of the company’s stock traded hands, compared to its average volume of 23,244. The stock has a 50 day moving average of $0.70 and a 200-day moving average of $0.88. Snail has a 12 month low of $0.58 and a 12 month high of $2.15. The company has a market cap of $23.04 million, a PE ratio of -0.90 and a beta of 0.60.

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.