Snail, Inc. (NASDAQ:SNAL) Short Interest Up 22.4% in January

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

Institutional Trading of Snail

An institutional investor recently bought a new position in Snail stock. Geode Capital Management LLC acquired a new position in shares of Snail, Inc. (NASDAQ:SNAL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,944 shares of the company’s stock, valued at approximately $35,000. Geode Capital Management LLC owned 0.05% of Snail at the end of the most recent reporting period. Institutional investors and hedge funds own 0.36% of the company’s stock.

Snail Price Performance

NASDAQ:SNAL traded down $0.10 during midday trading on Friday, hitting $2.72. The company’s stock had a trading volume of 34,299 shares, compared to its average volume of 126,561. Snail has a fifty-two week low of $0.52 and a fifty-two week high of $3.42. The firm’s 50 day moving average is $2.05 and its 200-day moving average is $1.44. The firm has a market cap of $100.50 million, a P/E ratio of 30.22 and a beta of -0.80.

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.