Snail, Inc. (NASDAQ:SNAL) Short Interest Up 663.5% in October

Snail, Inc. (NASDAQ:SNAL) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 200,800 shares, a growth of 663.5% from the September 30th total of 26,300 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 198,300 shares, the short-interest ratio is currently 1.0 days.

Snail Stock Performance

Shares of NASDAQ SNAL traded down $0.23 during mid-day trading on Friday, hitting $1.49. 334,824 shares of the stock traded hands, compared to its average volume of 79,253. The stock has a fifty day moving average price of $1.10 and a 200-day moving average price of $0.96. The company has a market cap of $54.79 million, a price-to-earnings ratio of -43.00 and a beta of 1.69. Snail has a 52 week low of $0.52 and a 52 week high of $2.29.

Snail (NASDAQ:SNAL) last announced its earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Snail had a negative net margin of 2.64% and a negative return on equity of 141.25%. The business had revenue of $21.61 million for the quarter, compared to the consensus estimate of $27.80 million. As a group, sell-side analysts predict that Snail will post 0.24 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.