Short Interest in Smart Sand (NASDAQ:SND) Expands By 20.0%

Smart Sand (NASDAQ:SND) was the recipient of a significant growth in short interest during the month of 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 daily volume of 333,020 shares, the short-interest ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 333,020 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management increased its position in shares of Smart Sand by 156.8% during the fourth quarter. Ritholtz Wealth Management now owns 207,723 shares of the company’s stock worth $831,000 after buying an additional 126,848 shares during the period. Kathmere Capital Management LLC bought a new stake in Smart Sand in the fourth quarter worth approximately $77,000. CWA Asset Management Group LLC acquired a new position in Smart Sand in the fourth quarter valued at approximately $309,000. JB Capital Partners LP increased its stake in shares of Smart Sand by 31.4% in the 3rd quarter. JB Capital Partners LP now owns 460,000 shares of the company’s stock valued at $984,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Smart Sand by 3.6% during the 3rd quarter. Bridgeway Capital Management LLC now owns 589,821 shares of the company’s stock valued at $1,262,000 after acquiring an additional 20,333 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SND has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. One equities research 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

Smart Sand stock traded up $0.18 during midday trading on Tuesday, hitting $4.90. The company’s stock had a trading volume of 418,812 shares, compared to its average volume of 370,743. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.06. The company has a market cap of $213.35 million, a price-to-earnings ratio of 54.40 and a beta of 0.39. Smart Sand has a 1-year low of $1.76 and a 1-year high of $4.92. The company has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $2.73.

Smart Sand (NASDAQ:SND) last announced its earnings results on Wednesday, November 12th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. The company had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $60.00 million. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. As a group, sell-side analysts predict that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were issued 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.