Smart Sand, Inc. (NASDAQ:SND) Short Interest Up 30.5% in November

Smart Sand, Inc. (NASDAQ:SND) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 319,500 shares, a growth of 30.5% from the October 31st total of 244,800 shares. Based on an average daily volume of 163,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.0% of the shares of the stock are short sold.

Smart Sand Price Performance

NASDAQ SND traded up $0.06 during mid-day trading on Friday, hitting $2.39. The stock had a trading volume of 91,917 shares, compared to its average volume of 127,517. The company has a 50 day simple moving average of $2.20 and a 200 day simple moving average of $2.13. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The company has a market cap of $102.58 million, a price-to-earnings ratio of -17.07 and a beta of 1.07. Smart Sand has a 52-week low of $1.65 and a 52-week high of $2.80.

Smart Sand Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.10 per share. This represents a yield of 4.52%. The ex-dividend date was Tuesday, October 15th.

Institutional Trading of Smart Sand

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Smart Sand by 1.3% in the third quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock valued at $839,000 after acquiring an additional 5,540 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Smart Sand in the 3rd quarter valued at about $85,000. JB Capital Partners LP purchased a new position in Smart Sand in the 3rd quarter valued at about $376,000. Empowered Funds LLC boosted its stake in shares of Smart Sand by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after purchasing an additional 7,236 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Smart Sand during the second quarter worth about $294,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

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.