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

Snail, Inc. (NASDAQ:SNAL) saw a large growth in short interest in 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 trading volume, of 32,704,524 shares, the days-to-cover ratio is currently 0.2 days. Approximately 55.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Snail from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded Snail from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday. Finally, Noble Financial restated an “outperform” rating on shares of Snail in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Snail has a consensus rating of “Hold”.

Snail Trading Down 1.1%

Shares of Snail stock opened at $0.91 on Friday. The firm has a market cap of $34.30 million, a P/E ratio of -1.46 and a beta of 1.11. Snail has a 12 month low of $0.34 and a 12 month high of $2.16. The stock’s fifty day moving average price is $0.71 and its 200-day moving average price is $0.76.

Snail (NASDAQ:SNAL) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.27. The firm had revenue of $26.90 million for the quarter, compared to analyst estimates of $18.00 million. Snail had a negative return on equity of 15.49% and a negative net margin of 11.73%. Analysts forecast that Snail will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Snail

Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP grew its stake 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 purchasing an additional 11,601 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Snail in the second quarter valued at about $59,000. Magnus Financial Group LLC purchased a new position in Snail in the fourth quarter valued at about $99,000. Finally, Connective Capital Management LLC purchased a new position in Snail in the third quarter valued at about $158,000. Hedge funds and other institutional investors own 0.36% of the company’s stock.

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.