Smart Sand, Inc. (NASDAQ:SND) Sees Large Increase in Short Interest

Smart Sand, Inc. (NASDAQ:SND) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 319,500 shares, a growth of 30.5% from the October 31st total of 244,800 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 163,200 shares, the days-to-cover ratio is presently 2.0 days.

Smart Sand Price Performance

NASDAQ:SND traded up $0.06 during trading hours on Friday, hitting $2.39. The stock had a trading volume of 91,917 shares, compared to its average volume of 127,517. The company has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $2.13. The firm has a market capitalization of $102.58 million, a price-to-earnings ratio of -17.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. Smart Sand has a one year low of $1.65 and a one year high of $2.80.

Smart Sand Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a dividend yield of 4.52%.

Hedge Funds Weigh In On Smart Sand

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in Smart Sand by 16.4% in the 2nd quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after buying an additional 113,440 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Smart Sand by 1.3% during 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. Dimensional Fund Advisors LP lifted its holdings in shares of Smart Sand by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after acquiring an additional 80,787 shares during the last quarter. JB Capital Partners LP purchased a new position in Smart Sand in the third quarter worth $376,000. Finally, Empowered Funds LLC increased its stake in 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 acquiring an additional 7,236 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

About Smart Sand

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.