Short Interest in Snail, Inc. (NASDAQ:SNAL) Rises By 51.5%

Snail, Inc. (NASDAQ:SNAL) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 31,200 shares, an increase of 51.5% from the March 15th total of 20,600 shares. Based on an average daily volume of 91,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SNAL. Heron Bay Capital Management purchased a new position in shares of Snail in the 4th quarter valued at $88,000. Geode Capital Management LLC acquired a new position in Snail during the 4th quarter worth approximately $35,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Snail during the first quarter valued at approximately $25,000. Hedge funds and other institutional investors own 0.36% of the company’s stock.

Snail Stock Down 7.3 %

Shares of NASDAQ SNAL traded down $0.08 during trading on Friday, hitting $1.01. 49,210 shares of the company traded hands, compared to its average volume of 113,129. The firm has a market capitalization of $37.59 million, a P/E ratio of 11.22 and a beta of 0.30. The company has a 50-day moving average price of $1.52 and a 200-day moving average price of $1.63. 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, March 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $25.00 million for the quarter, compared to analyst estimates of $25.00 million. Snail had a return on equity of 136.34% and a net margin of 3.15%. Research analysts predict that Snail will post 0.09 EPS 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.