Smart Sand (NASDAQ:SND) Short Interest Up 36.2% in January

Smart Sand (NASDAQ:SND) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 294,052 shares, an increase of 36.2% from the January 15th total of 215,840 shares. Based on an average trading volume of 399,175 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the company’s stock are sold short. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 399,175 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Smart Sand

A number of hedge funds and other institutional investors have recently made changes to their positions in SND. Squarepoint Ops LLC bought a new stake in Smart Sand in the fourth quarter valued at about $57,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Smart Sand in the 4th quarter valued at approximately $146,000. Marshall Wace LLP acquired a new position in shares of Smart Sand in the 4th quarter worth approximately $1,539,000. Walleye Capital LLC bought a new position in shares of Smart Sand during the 4th quarter worth approximately $325,000. Finally, Gendell Jeffrey L grew its position in Smart Sand by 16.0% in the fourth quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock valued at $12,508,000 after acquiring an additional 430,507 shares during the period. 35.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SND. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Smart Sand Stock Performance

Shares of Smart Sand stock traded up $0.43 during midday trading on Monday, hitting $5.36. The company had a trading volume of 675,622 shares, compared to its average volume of 403,386. The business’s 50 day simple moving average is $4.19 and its two-hundred day simple moving average is $2.92. Smart Sand has a 1-year low of $1.76 and a 1-year high of $5.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.06. The stock has a market cap of $233.37 million, a PE ratio of 59.56 and a beta of 0.39.

Smart Sand Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd.

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.