Snail, Inc. (NASDAQ:SNAL) Short Interest Update

Snail, Inc. (NASDAQ:SNAL) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 174,609 shares, a decrease of 45.6% from the August 15th total of 320,725 shares. Approximately 5.9% of the company’s stock are sold short. Based on an average daily trading volume, of 70,691 shares, the days-to-cover ratio is presently 2.5 days.

Snail Trading Down 1.6%

Shares of SNAL traded down $0.04 during mid-day trading on Wednesday, reaching $2.51. The company’s stock had a trading volume of 42,566 shares, compared to its average volume of 46,592. Snail has a 1-year low of $1.70 and a 1-year high of $10.80. The business has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $3.54. The stock has a market cap of $22.49 million, a P/E ratio of -1.99 and a beta of 1.22.

Snail (NASDAQ:SNAL) last posted its earnings results on Tuesday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($1.91). Snail had a negative return on equity of 15.49% and a negative net margin of 8.83%.The business had revenue of $21.80 million for the quarter, compared to analyst estimates of $29.00 million. Research analysts anticipate that Snail will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Snail from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Snail from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Noble Financial reissued an “outperform” rating on shares of Snail in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Snail from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Snail has a consensus rating of “Hold”.

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.