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

Snail, Inc. (NASDAQ:SNAL) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 6,229,328 shares, a growth of 63,594.6% from the March 31st total of 9,780 shares. Approximately 73.1% of the shares of the stock are sold short. Based on an average daily volume of 90,642,213 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNAL shares. Noble Financial restated an “outperform” rating on shares of Snail in a research report on Tuesday, April 14th. Zacks Research upgraded Snail from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Snail Trading Down 8.6%

NASDAQ:SNAL opened at $0.63 on Friday. Snail has a twelve month low of $0.34 and a twelve month high of $2.16. The company has a 50-day moving average of $0.63 and a 200-day moving average of $0.80. The firm has a market cap of $23.64 million, a price-to-earnings ratio of -0.85 and a beta of 0.82.

Snail (NASDAQ:SNAL) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Snail had a negative net margin of 17.79% and a negative return on equity of 12.69%. The company had revenue of $20.80 million during the quarter, compared to analyst estimates of $23.00 million. On average, research analysts forecast that Snail will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On Snail

Several large investors have recently made changes to their positions in the business. Magnus Financial Group LLC bought a new position in shares of Snail during the 4th quarter valued at about $99,000. Connective Capital Management LLC bought a new position in shares of Snail during the 3rd quarter valued at about $158,000. Susquehanna International Group LLP boosted its position in shares of Snail by 63.3% during 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. Finally, Evergreen Capital Management LLC bought a new position in shares of Snail during the 2nd quarter valued at about $59,000. Institutional investors own 0.36% of the company’s stock.

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.