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

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

Institutional Trading of Smart Sand

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Smart Sand by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company's stock valued at $839,000 after purchasing an additional 5,540 shares during the period. Empowered Funds LLC boosted its holdings in shares of Smart Sand by 4.8% in the 4th quarter. Empowered Funds LLC now owns 150,892 shares of the company's stock worth $340,000 after buying an additional 6,909 shares during the last quarter. LPL Financial LLC bought a new position in Smart Sand during the fourth quarter valued at about $25,000. Kingswood Wealth Advisors LLC purchased a new stake in Smart Sand during the fourth quarter worth about $25,000. Finally, Quartz Partners LLC bought a new stake in Smart Sand in the fourth quarter worth about $29,000. 35.21% of the stock is owned by hedge funds and other institutional investors.

Smart Sand Stock Up 1.0 %

SND traded up $0.02 during mid-day trading on Thursday, reaching $2.06. 120,311 shares of the stock were exchanged, compared to its average volume of 138,682. Smart Sand has a 1 year low of $1.73 and a 1 year high of $2.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. The stock has a market capitalization of $88.33 million, a PE ratio of -14.71 and a beta of 0.66. The company has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $2.27.

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

Analyst Ratings Changes

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

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.