Snail, Inc. (NASDAQ:SNAL) Sees Significant Drop in Short Interest

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 18,015 shares, a decrease of 40.1% from the December 31st total of 30,058 shares. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Magnus Financial Group LLC acquired a new stake in shares of Snail during the fourth quarter worth $99,000. Connective Capital Management LLC acquired a new position in shares of Snail in the third quarter valued at approximately $158,000. Susquehanna International Group LLP raised 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 worth $33,000 after acquiring an additional 11,601 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Snail in the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNAL. Zacks Research downgraded shares of Snail from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snail in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, Snail has a consensus rating of “Sell”.

Snail Price Performance

NASDAQ SNAL opened at $0.74 on Friday. The stock’s 50-day moving average is $0.85 and its two-hundred day moving average is $0.98. The firm has a market cap of $27.82 million, a P/E ratio of -1.08 and a beta of 0.55. Snail has a fifty-two week low of $0.64 and a fifty-two week high of $3.42.

Snail (NASDAQ:SNAL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.16). Snail had a negative net margin of 15.14% and a negative return on equity of 12.69%. The business had revenue of $13.82 million during the quarter, compared to the consensus estimate of $22.00 million. On average, equities analysts expect that Snail will post 0.09 EPS 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.