Smart Sand, Inc. (NASDAQ:SND) Short Interest Down 23.2% in December

Smart Sand, Inc. (NASDAQ:SND) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 237,400 shares, a drop of 23.2% from the December 15th total of 309,100 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 159,300 shares, the short-interest ratio is currently 1.5 days.

Smart Sand Trading Down 1.7 %

NASDAQ SND traded down $0.04 during mid-day trading on Thursday, hitting $2.33. The company’s stock had a trading volume of 23,633 shares, compared to its average volume of 74,253. The firm has a market capitalization of $100.00 million, a P/E ratio of -16.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. Smart Sand has a 52-week low of $1.65 and a 52-week high of $2.80. The stock’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $2.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. JB Capital Partners LP purchased a new position in shares of Smart Sand during the 3rd quarter valued at approximately $376,000. First Eagle Investment Management LLC acquired a new position in shares of Smart Sand in the 2nd quarter worth approximately $294,000. Dimensional Fund Advisors LP increased its holdings in shares of Smart Sand by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock valued at $634,000 after acquiring an additional 80,787 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in Smart Sand during the third quarter valued at $85,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Smart Sand by 33.6% during the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock worth $247,000 after purchasing an additional 27,664 shares during the period. 35.21% of the stock is owned by hedge funds and other institutional investors.

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.