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

Smart Sand, Inc. (NASDAQ:SND - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 174,800 shares, a decrease of 22.3% from the April 30th total of 224,900 shares. Based on an average daily volume of 189,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company's stock are short sold.

Institutional Trading of Smart Sand

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Smart Sand by 88.8% during the 4th quarter. Renaissance Technologies LLC now owns 390,679 shares of the company's stock valued at $879,000 after acquiring an additional 183,779 shares during the period. JB Capital Partners LP lifted its stake in Smart Sand by 75.0% in the fourth quarter. JB Capital Partners LP now owns 350,000 shares of the company's stock valued at $788,000 after purchasing an additional 150,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Smart Sand during the fourth quarter valued at $272,000. Empowered Funds LLC increased its position in Smart Sand by 4.8% in the fourth 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. Finally, Dimensional Fund Advisors LP increased its position in Smart Sand by 30.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 35.21% of the company's stock.

Smart Sand Stock Down 0.5%

Shares of SND traded down $0.01 on Wednesday, reaching $1.90. The company's stock had a trading volume of 102,319 shares, compared to its average volume of 135,520. Smart Sand has a twelve month low of $1.73 and a twelve month high of $2.80. The stock has a market capitalization of $83.76 million, a PE ratio of -13.57 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $2.03 and a 200-day moving average of $2.22.

Smart Sand (NASDAQ:SND - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.59). The company had revenue of $65.56 million for the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a negative return on equity of 1.74% and a negative net margin of 1.96%. Equities analysts predict that Smart Sand will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Smart Sand from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

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.