Smart Sand (NASDAQ:SND) Sees Significant Growth in Short Interest

Smart Sand (NASDAQ:SND) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 236,722 shares, a growth of 87.4% from the November 30th total of 126,323 shares. Based on an average daily volume of 772,744 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 772,744 shares, the days-to-cover ratio is presently 0.3 days.

Smart Sand Trading Down 3.4%

SND traded down $0.13 during trading on Monday, hitting $3.73. 50,230 shares of the stock were exchanged, compared to its average volume of 172,396. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a market cap of $162.36 million, a price-to-earnings ratio of 41.72 and a beta of 0.38. The firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $2.35. Smart Sand has a 1 year low of $1.76 and a 1 year high of $4.51.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%.The firm had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $60.00 million. As a group, equities analysts expect that Smart Sand will post 0.07 EPS for the current year.

Smart Sand Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 2nd.

Hedge Funds Weigh In On Smart Sand

Hedge funds have recently made changes to their positions in the company. Gendell Jeffrey L raised its position in shares of Smart Sand by 18.1% during the 2nd quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company’s stock worth $4,100,000 after purchasing an additional 312,789 shares during the last quarter. Bailard Inc. purchased a new stake in Smart Sand during the 2nd quarter worth approximately $50,000. Goldman Sachs Group Inc. acquired a new position in shares of Smart Sand during the first quarter valued at approximately $26,000. Acadian Asset Management LLC lifted its position in shares of Smart Sand by 16.0% in the first quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock valued at $2,132,000 after acquiring an additional 113,612 shares in the last quarter. Finally, Everstar Asset Management LLC acquired a new stake in shares of Smart Sand in the first quarter worth approximately $141,000. 35.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a report on Monday, December 22nd. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Hold rating, According to MarketBeat, Smart Sand has an average rating of “Hold”.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.