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

Snail, Inc. (NASDAQ:SNAL) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 255,769 shares, an increase of 123.8% from the July 15th total of 114,302 shares. Approximately 9.0% of the shares of the stock are sold short. Based on an average daily volume of 143,225 shares, the days-to-cover ratio is currently 1.8 days.

Snail Stock Up 3.7%

Shares of NASDAQ:SNAL opened at $3.08 on Friday. The firm has a market cap of $26.25 million, a P/E ratio of -2.44 and a beta of 1.29. Snail has a 12-month low of $1.70 and a 12-month high of $10.80. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $3.63.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SNAL shares. Zacks Research downgraded Snail from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 27th. Noble Financial reissued an “outperform” rating on shares of Snail in a research note on Thursday, July 2nd. Finally, Wall Street Zen downgraded shares of Snail from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Snail has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNAL. Susquehanna International Group LLP boosted 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 last quarter. Evergreen Capital Management LLC acquired a new position in Snail in the second quarter valued at $59,000. Finally, Connective Capital Management LLC bought a new stake in Snail during the third quarter valued at $158,000. Institutional investors own 0.36% of the company’s stock.

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.