Short Interest in Snail, Inc. (NASDAQ:SNAL) Drops By 41.4%

Snail, Inc. (NASDAQ:SNAL) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 27,900 shares, a decrease of 41.4% from the February 13th total of 47,600 shares. Based on an average daily volume of 115,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On 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 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.36% of the company’s stock.

Snail Stock Down 0.7 %

Shares of Snail stock opened at $1.44 on Monday. The business has a 50 day moving average of $2.10 and a 200 day moving average of $1.59. The company has a market cap of $53.21 million, a PE ratio of 16.00 and a beta of -0.55. Snail has a 52 week low of $0.52 and a 52 week high of $3.42.

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.