Smart Sand, Inc. (NASDAQ:SND) Short Interest Update

Smart Sand, Inc. (NASDAQ:SND) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 319,500 shares, a growth of 30.5% from the October 31st total of 244,800 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 163,200 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Smart Sand

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in shares of Smart Sand by 16.4% in the 2nd quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after buying an additional 113,440 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Smart Sand by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock valued at $839,000 after acquiring an additional 5,540 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Smart Sand by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after purchasing an additional 80,787 shares during the last quarter. JB Capital Partners LP bought a new stake in shares of Smart Sand in the 3rd quarter worth approximately $376,000. Finally, Empowered Funds LLC raised its holdings in shares of Smart Sand by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after purchasing an additional 7,236 shares during the period. 35.21% of the stock is owned by hedge funds and other institutional investors.

Smart Sand Trading Up 2.6 %

NASDAQ SND traded up $0.06 during midday trading on Friday, hitting $2.39. The company had a trading volume of 91,917 shares, compared to its average volume of 247,016. Smart Sand has a twelve month low of $1.65 and a twelve month high of $2.80. The firm has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98.

Smart Sand Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.10 per share. This represents a yield of 4.52%. The ex-dividend date of this dividend was Tuesday, October 15th.

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.