Short Interest in Smart Sand, Inc. (NASDAQ:SND) Decreases By 23.2%

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

Smart Sand Trading Up 2.6 %

NASDAQ:SND traded up $0.06 on Wednesday, reaching $2.37. The company’s stock had a trading volume of 54,680 shares, compared to its average volume of 79,715. Smart Sand has a 12-month low of $1.65 and a 12-month high of $2.80. The stock has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.16. The firm has a market cap of $101.72 million, a price-to-earnings ratio of -16.93 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04.

Institutional Trading of Smart Sand

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Smart Sand by 36.7% during the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after buying an additional 80,787 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Smart Sand in the 2nd quarter valued at approximately $294,000. Empowered Funds LLC lifted its holdings in shares of Smart Sand by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after acquiring an additional 7,236 shares during the last quarter. JB Capital Partners LP purchased a new position in shares of Smart Sand during the 3rd quarter worth approximately $376,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of Smart Sand during the 3rd quarter worth approximately $85,000. 35.21% of the stock is owned by institutional investors and hedge funds.

About Smart Sand

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.