Snap Inc. (NYSE:SNAP) Short Interest Up 25.5% in August

Key Points

• Snap Inc. experienced a **25.5% increase** in short interest in August, reaching a total of **143.87 million shares** short sold, representing **13.2%** of the company's stock.
• Insider trading showed significant activity, with CTO Robert C. Murphy selling **1 million shares** for **$7.80 each**, reducing his stake by **1.84%**, while CFO Derek Andersen sold **60,966 shares** at **$7.17**.
• Several institutional investors increased their stakes in Snap, with Vanguard Group growing their position by **6.7%**, now holding **109.48 million shares** valued at approximately **$953.6 million**.

Snap Inc. (NYSE:SNAP - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 143,870,000 shares, an increase of 25.5% from the August 15th total of 114,650,000 shares. Currently, 13.2% of the shares of the company are sold short. Based on an average daily volume of 50,290,000 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 50,290,000 shares, the short-interest ratio is presently 2.9 days. Currently, 13.2% of the shares of the company are sold short.

Insider Activity

In other news, insider Ajit Mohan sold 27,595 shares of Snap stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $208,618.20. Following the transaction, the insider directly owned 5,464,411 shares in the company, valued at approximately $41,310,947.16. This trade represents a 0.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rebecca Morrow sold 10,216 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.17, for a total transaction of $73,248.72. Following the completion of the transaction, the chief accounting officer directly owned 436,087 shares in the company, valued at $3,126,743.79. This trade represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,510,532 shares of company stock valued at $11,650,269 in the last quarter.

Institutional Investors Weigh In On Snap

Several hedge funds and other institutional investors have recently modified their holdings of SNAP. Vanguard Group Inc. boosted its holdings in shares of Snap by 6.7% in the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company's stock valued at $953,601,000 after acquiring an additional 6,921,841 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Snap by 110.4% in the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company's stock worth $95,549,000 after buying an additional 5,930,766 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Snap by 121.9% during the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company's stock worth $59,649,000 after buying an additional 3,761,629 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Snap by 4,603.7% in the second quarter. SG Americas Securities LLC now owns 3,006,711 shares of the company's stock valued at $26,128,000 after purchasing an additional 2,942,789 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Snap by 38.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company's stock worth $41,612,000 after buying an additional 1,336,264 shares in the last quarter. Institutional investors own 47.52% of the company's stock.

Snap Stock Down 3.2%

Shares of SNAP stock traded down $0.27 during trading on Friday, reaching $8.17. The company's stock had a trading volume of 194,479,450 shares, compared to its average volume of 97,965,448. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. Snap has a 1-year low of $6.90 and a 1-year high of $13.28. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of -25.53 and a beta of 0.62. The stock's 50-day moving average price is $8.13 and its 200 day moving average price is $8.39.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Snap will post -0.3 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on SNAP shares. BMO Capital Markets cut their target price on Snap from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Snap from $6.50 to $8.50 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Truist Financial dropped their price target on Snap from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, August 6th. Evercore ISI lifted their price target on shares of Snap from $11.00 to $12.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. Finally, Citigroup downgraded Snap from an "outperform" rating to a "negative" rating in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.84.

Snap Company Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.