Smart Sand (NASDAQ:SND) Sees Significant Growth in Short Interest
by Tristan Rich · The Markets DailySmart Sand (NASDAQ:SND – Get Free Report) was the target of a significant growth in short interest in 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. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 772,744 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 772,744 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are short sold.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 22nd. Wall Street Zen cut Smart Sand from a “strong-buy” rating to a “buy” rating in a report on Sunday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on SND
Hedge Funds Weigh In On Smart Sand
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JB Capital Partners LP grew its holdings in Smart Sand by 31.4% in the 3rd quarter. JB Capital Partners LP now owns 460,000 shares of the company’s stock valued at $984,000 after buying an additional 110,000 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Smart Sand by 3.6% during the 3rd quarter. Bridgeway Capital Management LLC now owns 589,821 shares of the company’s stock valued at $1,262,000 after acquiring an additional 20,333 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Smart Sand by 3.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company’s stock valued at $613,000 after acquiring an additional 10,444 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Smart Sand by 625.9% in the third quarter. GSA Capital Partners LLP now owns 115,637 shares of the company’s stock valued at $247,000 after purchasing an additional 99,706 shares during the period. Finally, Gendell Jeffrey L increased its position in Smart Sand by 18.1% during the second 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. Institutional investors and hedge funds own 35.21% of the company’s stock.
Smart Sand Stock Performance
NASDAQ:SND opened at $3.86 on Friday. The company has a market cap of $168.08 million, a P/E ratio of 42.89 and a beta of 0.38. Smart Sand has a twelve month low of $1.76 and a twelve month high of $4.51. The company’s 50-day moving average price is $2.96 and its 200-day moving average price is $2.34. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03.
Smart Sand (NASDAQ:SND – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. The company had revenue of $0.09 million during the quarter, compared to the consensus estimate of $60.00 million. On average, sell-side analysts forecast that Smart Sand will post 0.07 earnings per share for the current fiscal year.
Smart Sand Dividend Announcement
The business also recently declared a special dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were issued 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.