Short Interest in Smart Sand, Inc. (NASDAQ:SND) Decreases By 16.9%

Smart Sand, Inc. (NASDAQ:SND - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 180,400 shares, a drop of 16.9% from the March 15th total of 217,100 shares. Approximately 0.6% of the company's shares are sold short. Based on an average trading volume of 126,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of Smart Sand in the 1st quarter valued at about $1,032,000. Millennium Management LLC grew its position in shares of Smart Sand by 284.3% during the 2nd quarter. Millennium Management LLC now owns 518,697 shares of the company's stock worth $1,037,000 after buying an additional 383,709 shares during the period. Acadian Asset Management LLC grew its position in shares of Smart Sand by 196.1% during the 3rd quarter. Acadian Asset Management LLC now owns 562,856 shares of the company's stock worth $1,305,000 after buying an additional 372,798 shares during the period. CastleKnight Management LP grew its position in shares of Smart Sand by 44.0% during the 4th quarter. CastleKnight Management LP now owns 959,238 shares of the company's stock worth $1,851,000 after buying an additional 292,900 shares during the period. Finally, Nierenberg Investment Management Company Inc. bought a new stake in shares of Smart Sand in the 3rd quarter valued at $361,000. Institutional investors and hedge funds own 35.21% of the company's stock.

Smart Sand Trading Down 0.5 %

NASDAQ:SND traded down $0.01 during trading hours on Friday, hitting $2.11. 88,277 shares of the company were exchanged, compared to its average volume of 139,298. The stock has a market capitalization of $90.75 million, a price-to-earnings ratio of 15.07 and a beta of 1.02. Smart Sand has a one year low of $1.44 and a one year high of $2.48. The company has a fifty day simple moving average of $1.94 and a 200 day simple moving average of $1.99. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 0.01.

Smart Sand (NASDAQ:SND - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.05). Smart Sand had a return on equity of 1.94% and a net margin of 1.57%. The company had revenue of $61.95 million for the quarter, compared to the consensus estimate of $57.70 million. Sell-side analysts expect that Smart Sand will post 0.11 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.