Smart Sand, Inc. (NASDAQ:SND) Short Interest Update

Smart Sand, Inc. (NASDAQ:SND) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 237,400 shares, a drop of 23.2% from the December 15th total of 309,100 shares. Based on an average daily volume of 159,300 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the shares of the stock are sold short.

Smart Sand Price Performance

Shares of Smart Sand stock traded up $0.06 on Wednesday, hitting $2.37. 54,680 shares of the company were exchanged, compared to its average volume of 79,715. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.16. The stock has a market capitalization of $101.72 million, a price-to-earnings ratio of -16.93 and a beta of 1.10. Smart Sand has a 1-year low of $1.65 and a 1-year high of $2.80.

Hedge Funds Weigh In On Smart Sand

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Smart Sand by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after acquiring an additional 5,540 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Smart Sand by 5.3% in the third quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock valued at $284,000 after purchasing an additional 7,236 shares during the period. Dimensional Fund Advisors LP increased its position in Smart Sand by 36.7% during the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after purchasing an additional 80,787 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Smart Sand during the second quarter worth about $294,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in Smart Sand during the third quarter worth about $85,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.