Snail, Inc. (NASDAQ:SNAL) Short Interest Down 76.4% in May

Snail, Inc. (NASDAQ:SNAL) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,551,566 shares, a decrease of 76.4% from the May 14th total of 6,578,476 shares. Approximately 13.0% of the company’s shares are short sold. Based on an average daily volume of 3,371,511 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

SNAL has been the topic of a number of analyst reports. Weiss Ratings raised Snail from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 27th. Noble Financial reissued an “outperform” rating on shares of Snail in a research note on Tuesday, April 14th. Wall Street Zen raised Snail to a “buy” rating in a research note on Saturday, May 30th. Finally, Zacks Research raised Snail from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Trading of Snail

Several hedge funds and other institutional investors have recently modified their holdings of SNAL. Susquehanna International Group LLP raised its stake in shares of Snail by 63.3% in the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after purchasing an additional 11,601 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Snail in the 2nd quarter valued at about $59,000. Magnus Financial Group LLC acquired a new stake in shares of Snail in the 4th quarter valued at about $99,000. Finally, Connective Capital Management LLC acquired a new stake in shares of Snail in the 3rd quarter valued at about $158,000. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Trading Up 4.1%

Shares of Snail stock opened at $0.79 on Wednesday. The company has a market capitalization of $29.73 million, a PE ratio of -1.27 and a beta of 1.31. Snail has a 12 month low of $0.34 and a 12 month high of $2.16. The stock’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.75.

Snail (NASDAQ:SNAL) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.27. The business had revenue of $26.90 million for 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%. Analysts predict that Snail will post 0.14 EPS 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.