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

Snail, Inc. (NASDAQ:SNAL - Get Free Report) saw a significant growth in short interest in 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. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 198,300 shares, the days-to-cover ratio is currently 1.0 days.

Snail Trading Down 15.7 %

SNAL traded down $0.27 during trading on Friday, hitting $1.45. The company's stock had a trading volume of 399,082 shares, compared to its average volume of 79,564. The firm has a market capitalization of $53.32 million, a price-to-earnings ratio of -37.25 and a beta of 1.69. Snail has a twelve month low of $0.52 and a twelve month high of $2.29. The business's fifty day simple moving average is $1.10 and its 200 day simple moving average is $0.96.

Snail (NASDAQ:SNAL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $21.61 million during the quarter, compared to analysts' expectations of $27.80 million. Snail had a negative return on equity of 141.25% and a negative net margin of 2.64%. As a group, equities research analysts forecast that Snail will post 0.24 earnings per share 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.