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

Snail, Inc. (NASDAQ:SNAL) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 6,578,476 shares, a growth of 331.8% from the April 30th total of 1,523,391 shares. Based on an average daily volume of 32,704,524 shares, the short-interest ratio is presently 0.2 days. Currently, 55.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Snail from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday. Noble Financial reiterated an “outperform” rating on shares of Snail in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded Snail from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snail currently has an average rating of “Hold”.

Institutional Investors Weigh In On Snail

A number of institutional investors and hedge funds have recently modified their holdings of SNAL. Susquehanna International Group LLP lifted its holdings in Snail by 63.3% in the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after acquiring an additional 11,601 shares during the period. Evergreen Capital Management LLC acquired a new position in Snail in the second quarter valued at approximately $59,000. Magnus Financial Group LLC acquired a new position in Snail in the fourth quarter valued at approximately $99,000. Finally, Connective Capital Management LLC acquired a new position in Snail in the third quarter valued at approximately $158,000. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Stock Performance

Shares of NASDAQ SNAL opened at $0.91 on Friday. The company has a market cap of $34.30 million, a PE ratio of -1.46 and a beta of 1.11. The business has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.76. Snail has a fifty-two week low of $0.34 and a fifty-two week high of $2.16.

Snail (NASDAQ:SNAL) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.27. The business had revenue of $26.90 million during the quarter, compared to the consensus estimate of $18.00 million. Snail had a negative return on equity of 15.49% and a negative net margin of 11.73%. On average, sell-side analysts predict that Snail will post 0.14 earnings per share for the current fiscal 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.