Snail, Inc. (NASDAQ:SNAL) Short Interest Down 28.8% in May

Snail, Inc. (NASDAQ:SNAL) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 30,700 shares, a decline of 28.8% from the May 15th total of 43,100 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Trading of Snail

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heron Bay Capital Management acquired a new position in Snail during the fourth quarter worth $88,000. Magnus Financial Group LLC acquired a new stake in shares of Snail during the 1st quarter worth about $25,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Snail during the 4th quarter worth about $35,000. Institutional investors own 0.36% of the company’s stock.

Snail Trading Up 11.0%

SNAL opened at $1.32 on Tuesday. The stock’s 50 day simple moving average is $1.02 and its 200-day simple moving average is $1.53. The stock has a market cap of $49.12 million, a PE ratio of 14.67 and a beta of 0.08. Snail has a 1 year low of $0.52 and a 1 year high of $3.42.

Snail (NASDAQ:SNAL) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. Snail had a net margin of 3.15% and a return on equity of 136.34%. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $18.00 million. Equities analysts forecast that Snail will post 0.09 earnings per share for the current fiscal year.

About Snail

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.