Snail, Inc. (NASDAQ:SNAL) Sees Large Increase in Short Interest

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 41,000 shares, an increase of 27.3% from the March 31st total of 32,200 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 41,800 shares, the short-interest ratio is currently 1.0 days.

Snail Price Performance

Shares of NASDAQ SNAL traded down $0.02 during mid-day trading on Friday, hitting $1.07. The company had a trading volume of 1,333 shares, compared to its average volume of 11,267. The company has a market capitalization of $39.33 million, a PE ratio of -4.46 and a beta of 2.07. The business’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $1.13. Snail has a 1-year low of $0.79 and a 1-year high of $2.32.

Snail (NASDAQ:SNAL) last announced its quarterly earnings data on Monday, April 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). The company had revenue of $28.57 million for the quarter, compared to analyst estimates of $31.60 million. Snail had a negative return on equity of 104.80% and a negative net margin of 5.84%. On average, analysts expect that Snail will post 0.19 EPS for the current 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.