Short Interest in Smart Sand, Inc. (NASDAQ:SND) Declines By 23.2%

Smart Sand, Inc. (NASDAQ:SND) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 237,400 shares, a drop of 23.2% from the December 15th total of 309,100 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 159,300 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Smart Sand by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after purchasing an additional 5,540 shares during the period. Empowered Funds LLC increased its position in Smart Sand by 5.3% in the third quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after buying an additional 7,236 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Smart Sand by 36.7% in the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after buying an additional 80,787 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Smart Sand during the 2nd quarter valued at about $294,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Smart Sand during the 3rd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand Stock Performance

NASDAQ:SND traded up $0.05 on Friday, hitting $2.38. The stock had a trading volume of 13,852 shares, compared to its average volume of 67,643. The business’s 50-day simple moving average is $2.30 and its two-hundred day simple moving average is $2.16. 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 cap of $101.94 million, a price-to-earnings ratio of -16.96 and a beta of 1.10. Smart Sand has a 52-week low of $1.65 and a 52-week high of $2.80.

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.