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

Smart Sand, Inc. (NASDAQ:SND) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 180,400 shares, a drop of 16.9% from the March 15th total of 217,100 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 126,800 shares, the short-interest ratio is presently 1.4 days.

Smart Sand Price Performance

Shares of SND stock opened at $2.11 on Friday. The firm has a market cap of $90.75 million, a P/E ratio of 15.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.64. Smart Sand has a 1-year low of $1.44 and a 1-year high of $2.48. The firm has a fifty day moving average of $1.94 and a two-hundred day moving average of $1.99.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). The company had revenue of $61.95 million for the quarter, compared to analyst estimates of $57.70 million. Smart Sand had a return on equity of 1.94% and a net margin of 1.57%. As a group, research analysts anticipate that Smart Sand will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in Smart Sand by 196.1% during the 3rd quarter. Acadian Asset Management LLC now owns 562,856 shares of the company’s stock worth $1,305,000 after acquiring an additional 372,798 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Smart Sand in the 3rd quarter valued at about $178,000. Ritholtz Wealth Management boosted its holdings in shares of Smart Sand by 72.7% in the 4th quarter. Ritholtz Wealth Management now owns 42,850 shares of the company’s stock valued at $83,000 after buying an additional 18,034 shares during the period. Nierenberg Investment Management Company Inc. acquired a new position in shares of Smart Sand in the 3rd quarter valued at about $361,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Smart Sand in the 3rd quarter valued at about $37,000. 35.21% of the stock is owned by institutional investors and hedge funds.

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.