Short Interest in Snail, Inc. (NASDAQ:SNAL) Grows By 90.4%

Snail, Inc. (NASDAQ:SNAL) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 30,058 shares, a growth of 90.4% from the December 15th total of 15,785 shares. Based on an average daily trading volume, of 31,197 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 31,197 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Magnus Financial Group LLC acquired a new stake in shares of Snail in the 4th quarter valued at approximately $99,000. Connective Capital Management LLC acquired a new stake in Snail in the third quarter valued at $158,000. Susquehanna International Group LLP grew 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 acquiring an additional 11,601 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in shares of Snail in the 2nd quarter valued at about $59,000. Institutional investors own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Snail has an average rating of “Sell”.

Snail Trading Up 1.2%

SNAL stock opened at $0.79 on Friday. Snail has a 1-year low of $0.64 and a 1-year high of $3.42. The firm has a market cap of $29.78 million, a PE ratio of -1.16 and a beta of 0.55. The business’s 50-day moving average price is $0.89 and its two-hundred day moving average price is $1.03.

Snail (NASDAQ:SNAL) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.16). Snail had a negative return on equity of 12.69% and a negative net margin of 15.14%.The business had revenue of $13.82 million for the quarter, compared to analyst estimates of $22.00 million. On average, analysts forecast that Snail will post 0.09 earnings per share for the current year.

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.