Smart Sand (NASDAQ:SND) Short Interest Update

Smart Sand (NASDAQ:SND) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,287,122 shares, an increase of 87.6% from the June 15th total of 686,231 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average trading volume of 758,640 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Smart Sand

Several institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of Smart Sand by 36.7% during the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after purchasing an additional 4,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock valued at $893,000 after purchasing an additional 6,551 shares in the last quarter. Kathmere Capital Management LLC increased its stake in Smart Sand by 43.6% during the 1st quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company’s stock worth $142,000 after buying an additional 8,422 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Smart Sand during the 1st quarter worth approximately $26,000. Finally, State Street Corp lifted its holdings in Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company’s stock worth $646,000 after buying an additional 10,200 shares in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SND shares. Weiss Ratings raised shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Smart Sand has a consensus rating of “Hold”.

Smart Sand Trading Up 4.6%

Shares of NASDAQ SND traded up $0.21 during mid-day trading on Friday, reaching $4.77. 212,155 shares of the company’s stock were exchanged, compared to its average volume of 519,998. The company’s 50-day moving average is $4.92 and its 200-day moving average is $4.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66. The firm has a market capitalization of $205.06 million, a price-to-earnings ratio of 8.67 and a beta of 0.27. Smart Sand has a 52-week low of $1.76 and a 52-week high of $5.92.

Smart Sand (NASDAQ:SND) last posted its earnings results on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter. The business had revenue of $93.11 million for the quarter.

Smart Sand Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, July 28th.

About Smart Sand

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.