Smart Sand, Inc. (NASDAQ:SND) Sees Significant Decrease in Short Interest

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

Smart Sand Stock Performance

Shares of NASDAQ SND traded down $0.04 during midday trading on Thursday, reaching $2.33. 23,633 shares of the company traded hands, compared to its average volume of 74,253. The company has a market cap of $100.00 million, a price-to-earnings ratio of -16.64 and a beta of 1.10. The stock has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.16. Smart Sand has a 52 week low of $1.65 and a 52 week high of $2.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98.

Institutional Trading of Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Smart Sand by 1.3% in the third quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after purchasing an additional 5,540 shares during the period. Empowered Funds LLC lifted 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 buying an additional 7,236 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Smart Sand by 33.6% in the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock valued at $247,000 after buying an additional 27,664 shares during the period. Garden State Investment Advisory Services LLC bought a new position in Smart Sand during the third quarter valued at about $85,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 80,787 shares during the period. 35.21% of the stock is currently owned by institutional investors.

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.