Short Interest in Snail, Inc. (NASDAQ:SNAL) Expands By 74.5%

by · The Cerbat Gem

Snail, Inc. (NASDAQ:SNAL – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 65,100 shares, anincreaseof74.5% from the July 31st total of 37,300 shares. Based on an average daily volume of 166,700 shares, the short-interest ratio is presently 0.4 days. Approximately0.8% of the shares of the company are sold short. Approximately0.8% of the shares of the company are sold short. Based on an average daily volume of 166,700 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Snail

A hedge fund recently bought a new stake in Snail stock. Magnus Financial Group LLC purchased a new stake in shares of Snail, Inc. (NASDAQ:SNAL – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,656 shares of the company’s stock, valued at approximately $25,000. Magnus Financial Group LLC owned 0.08% of Snail as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Price Performance

SNAL stock opened at $0.86 on Monday. Snail has a 1-year low of $0.64 and a 1-year high of $3.42. The firm has a fifty day moving average price of $1.17 and a two-hundred day moving average price of $1.19. The firm has a market cap of $31.81 million, a price-to-earnings ratio of -1.86 and a beta of 0.44.

Snail (NASDAQ:SNAL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $1.14. Snail had a negative net margin of 4.80% and a negative return on equity of 1,183.47%. The company had revenue of $26.00 million during the quarter, compared to the consensus estimate of $26.00 million. As a group, analysts expect that Snail will post 0.09 EPS for the current fiscal year.

About Snail

(Get Free Report)

Snail, Inc, together with its subsidiaries, researches, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets. Snail, Inc was founded in 2009 and is headquartered in Culver City, California.

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