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

Snail, Inc. (NASDAQ:SNAL) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 48,600 shares, an increase of 22.4% from the January 15th total of 39,700 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 169,200 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Snail

An institutional investor recently bought a new position in Snail stock. Geode Capital Management LLC acquired a new stake in shares of Snail, Inc. (NASDAQ:SNAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,944 shares of the company’s stock, valued at approximately $35,000. Geode Capital Management LLC owned approximately 0.05% of Snail as of its most recent SEC filing. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Price Performance

NASDAQ:SNAL opened at $2.72 on Monday. Snail has a 12-month low of $0.52 and a 12-month high of $3.42. The business has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $1.44. The firm has a market capitalization of $100.50 million, a P/E ratio of 30.22 and a beta of -0.80.

Snail Company Profile

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.