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

Snail, Inc. (NASDAQ:SNAL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 174,609 shares, a decline of 45.6% from the August 15th total of 320,725 shares. Approximately 5.9% of the company’s stock are short sold. Based on an average daily volume of 70,691 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNAL. Zacks Research cut shares of Snail from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen lowered Snail from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Noble Financial restated an “outperform” rating on shares of Snail in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised shares of Snail from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Snail Price Performance

Shares of NASDAQ SNAL traded down $0.02 during midday trading on Tuesday, reaching $2.60. The company’s stock had a trading volume of 22,454 shares, compared to its average volume of 1,658,273. The stock has a market capitalization of $23.29 million, a P/E ratio of -2.06 and a beta of 1.22. The firm has a 50 day moving average price of $3.76 and a 200-day moving average price of $3.55. Snail has a 12-month low of $1.70 and a 12-month high of $10.80.

Snail (NASDAQ:SNAL) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($1.91). The business had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $29.00 million. Snail had a negative net margin of 8.83% and a negative return on equity of 15.49%. On average, equities analysts predict that Snail will post 0.48 EPS for the current year.

Snail Company Profile

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.