Short Interest in Smart Sand (NASDAQ:SND) Expands By 42.7%

Smart Sand (NASDAQ:SND) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 207,700 shares, a growth of 42.7% from the July 31st total of 145,600 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 94,500 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 94,500 shares, the short-interest ratio is presently 2.2 days. Currently, 0.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, August 16th.

Smart Sand Stock Performance

NASDAQ SND opened at $1.90 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $82.76 million, a P/E ratio of 190.00 and a beta of 0.78. Smart Sand has a 12-month low of $1.76 and a 12-month high of $2.80. The firm has a 50-day moving average price of $1.95 and a two-hundred day moving average price of $2.05.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $85.77 million during the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%. Analysts anticipate that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 4th.

Insider Buying and Selling at Smart Sand

In related news, CEO Charles Edwin Young bought 20,000 shares of Smart Sand stock in a transaction that occurred on Friday, September 5th. The stock was acquired at an average price of $1.91 per share, with a total value of $38,200.00. Following the acquisition, the chief executive officer owned 1,477,628 shares of the company’s stock, valued at approximately $2,822,269.48. This represents a 1.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have bought 39,031 shares of company stock worth $74,421. 32.30% of the stock is owned by insiders.

Institutional Trading of Smart Sand

A number of institutional investors have recently bought and sold shares of SND. Goldman Sachs Group Inc. bought a new stake in shares of Smart Sand during the 1st quarter worth approximately $26,000. Jane Street Group LLC bought a new stake in shares of Smart Sand during the 4th quarter worth approximately $41,000. Bailard Inc. bought a new stake in shares of Smart Sand during the 2nd quarter worth approximately $50,000. Sei Investments Co. bought a new stake in shares of Smart Sand during the 2nd quarter worth approximately $82,000. Finally, Millennium Management LLC bought a new stake in shares of Smart Sand during the 4th quarter worth approximately $117,000. 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.