Snail, Inc. (NASDAQ:SNAL) Sees Large Decline in Short Interest

Snail, Inc. (NASDAQ:SNAL) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 114,302 shares, a decrease of 86.4% from the June 30th total of 838,923 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average daily volume of 834,067 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNAL. Susquehanna International Group LLP lifted its holdings in Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after buying an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Snail during the second quarter worth $59,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Snail during the third quarter worth $158,000. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Stock Performance

Shares of NASDAQ SNAL traded up $0.46 during trading on Friday, reaching $5.14. The stock had a trading volume of 115,008 shares, compared to its average volume of 483,503. The company has a market cap of $43.79 million, a P/E ratio of -1.66 and a beta of 1.44. Snail has a fifty-two week low of $1.70 and a fifty-two week high of $10.80. The business’s 50-day moving average price is $4.06 and its 200-day moving average price is $3.60.

Snail (NASDAQ:SNAL) last announced its earnings results on Wednesday, May 13th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($1.05) by $1.35. The company had revenue of $26.90 million during the quarter, compared to analysts’ expectations 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 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNAL shares. Wall Street Zen upgraded shares of Snail to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings raised shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Snail from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Noble Financial reissued an “outperform” rating on shares of Snail in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.