Short Interest in Snail, Inc. (NASDAQ:SNAL) Drops By 24.4%

Snail, Inc. (NASDAQ:SNAL) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 22,900 shares, a drop of 24.4% from the May 15th total of 30,300 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is presently 2.6 days. Approximately 0.3% of the shares of the company are short sold.

Snail Stock Up 7.1 %

SNAL stock traded up $0.06 during midday trading on Friday, hitting $0.88. 4,166 shares of the company traded hands, compared to its average volume of 6,459. Snail has a twelve month low of $0.79 and a twelve month high of $2.32. The business has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.04. The stock has a market capitalization of $32.35 million, a price-to-earnings ratio of -4.19 and a beta of 1.68.

Snail (NASDAQ:SNAL) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.09). Snail had a negative net margin of 5.36% and a negative return on equity of 177.91%. The company had revenue of $14.12 million for the quarter, compared to analyst estimates of $24.00 million. Equities research analysts forecast that Snail will post 0.48 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.