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

Smart Sand, Inc. (NASDAQ:SND - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 240,800 shares, an increase of 33.0% from the March 15th total of 181,100 shares. Based on an average daily trading volume, of 171,700 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Smart Sand from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th.

Institutional Trading of Smart Sand

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Smart Sand by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 506,974 shares of the company's stock worth $1,140,000 after buying an additional 118,370 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Smart Sand by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 433,251 shares of the company's stock worth $975,000 after purchasing an additional 7,447 shares during the period. Renaissance Technologies LLC increased its holdings in Smart Sand by 88.8% in the fourth quarter. Renaissance Technologies LLC now owns 390,679 shares of the company's stock valued at $879,000 after purchasing an additional 183,779 shares during the period. JB Capital Partners LP raised its position in Smart Sand by 75.0% during the 4th quarter. JB Capital Partners LP now owns 350,000 shares of the company's stock worth $788,000 after purchasing an additional 150,000 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Smart Sand by 11.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 231,840 shares of the company's stock worth $522,000 after buying an additional 24,105 shares during the period. 35.21% of the stock is owned by institutional investors and hedge funds.

Smart Sand Price Performance

Shares of SND stock traded up $0.07 on Friday, reaching $2.06. The company had a trading volume of 136,009 shares, compared to its average volume of 138,558. The business's 50-day moving average is $2.23 and its 200 day moving average is $2.27. Smart Sand has a one year low of $1.73 and a one year high of $2.80. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $88.33 million, a PE ratio of -14.71 and a beta of 0.66.

Smart Sand (NASDAQ:SND - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The firm had revenue of $91.36 million for the quarter, compared to analysts' expectations of $65.90 million. Equities research analysts forecast that Smart Sand will post 0.07 EPS for the current fiscal year.

About Smart Sand

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.

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