Snail, Inc. (NASDAQ:SNAL) Sees Large Decline in Short Interest
by Teresa Graham · The Cerbat GemSnail, Inc. (NASDAQ:SNAL – Get Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 18,015 shares, a drop of 40.1% from the December 31st total of 30,058 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 0.9 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on SNAL shares. Zacks Research cut shares of Snail from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Research Report on Snail
Snail Price Performance
SNAL stock traded down $0.01 during midday trading on Friday, hitting $0.72. The stock had a trading volume of 32,591 shares, compared to its average volume of 18,883. Snail has a 12-month low of $0.64 and a 12-month high of $3.42. The company’s 50-day moving average price is $0.85 and its 200 day moving average price is $0.97. The firm has a market cap of $27.27 million, a PE ratio of 0.81 and a beta of 0.55.
Snail (NASDAQ:SNAL – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.16). The business had revenue of $13.82 million for the quarter, compared to the consensus estimate of $22.00 million. Snail had a negative return on equity of 12.69% and a negative net margin of 15.14%. As a group, sell-side analysts anticipate that Snail will post 0.09 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Connective Capital Management LLC bought a new position in shares of Snail during the third quarter valued at approximately $158,000. Magnus Financial Group LLC acquired a new stake in shares of Snail in the 4th quarter worth approximately $99,000. Evergreen Capital Management LLC acquired a new position in Snail during the second quarter worth approximately $59,000. Finally, Susquehanna International Group LLP raised its position 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 in the last quarter. Institutional investors and hedge funds 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.