Snail, Inc. (NASDAQ:SNAL) Short Interest Down 48.0% in March

Snail, Inc. (NASDAQ:SNAL) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,618 shares, a decline of 48.0% from the February 26th total of 12,725 shares. Based on an average daily trading volume, of 32,249 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Snail

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP lifted its holdings 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 worth $33,000 after purchasing an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Snail during the second quarter worth $59,000. Magnus Financial Group LLC bought a new position in shares of Snail in the fourth quarter valued at $99,000. Finally, Connective Capital Management LLC bought a new position in shares of Snail in the third quarter valued at $158,000. 0.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a research report on Monday, December 22nd. Zacks Research upgraded shares of Snail from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Snail Price Performance

Shares of SNAL opened at $0.56 on Thursday. The stock has a 50-day moving average of $0.67 and a 200-day moving average of $0.86. The company has a market cap of $21.14 million, a PE ratio of -0.76 and a beta of 0.60. Snail has a one year low of $0.53 and a one year high of $2.15.

Snail (NASDAQ:SNAL) last issued its earnings results on Wednesday, March 25th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Snail had a negative return on equity of 12.69% and a negative net margin of 17.79%.The business had revenue of $20.80 million during the quarter, compared to analyst estimates of $23.00 million. Analysts expect that Snail will post 0.09 EPS for the current fiscal year.

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.