Smart Sand (NASDAQ:SND) Sees Significant Increase in Short Interest

Smart Sand (NASDAQ:SND) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 215,840 shares, a growth of 20.0% from the December 31st total of 179,929 shares. Based on an average trading volume of 333,020 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 333,020 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SND. Goldman Sachs Group Inc. acquired a new position in Smart Sand during the 1st quarter worth $26,000. Bailard Inc. acquired a new position in shares of Smart Sand during the second quarter valued at $50,000. Kathmere Capital Management LLC acquired a new position in shares of Smart Sand during the fourth quarter valued at $77,000. Sei Investments Co. bought a new position in Smart Sand in the second quarter valued at about $82,000. Finally, Jane Street Group LLC raised its holdings in Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after purchasing an additional 62,961 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SND shares. Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Smart Sand Stock Performance

Shares of NASDAQ:SND opened at $4.66 on Thursday. Smart Sand has a twelve month low of $1.76 and a twelve month high of $4.94. The firm has a market cap of $202.90 million, a PE ratio of 51.78 and a beta of 0.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The business has a fifty day moving average of $3.97 and a 200-day moving average of $2.77.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. The business had revenue of $0.09 million for the quarter, compared to the consensus estimate of $60.00 million. On average, equities research analysts predict that Smart Sand will post 0.07 EPS for the current fiscal year.

Smart Sand Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 2nd.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.