Smart Sand (NASDAQ:SND) Short Interest Up 87.6% in June

Smart Sand (NASDAQ:SND – Get Free Report) 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 daily volume of 758,640 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

SND has been the subject of several recent analyst reports. Weiss Ratings upgraded Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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Institutional Trading of Smart Sand

A number of institutional investors have recently made changes to their positions in SND. Goldman Sachs Group Inc. purchased a new position in Smart Sand during the 1st quarter worth $26,000. Squarepoint Ops LLC purchased a new stake in Smart Sand in the fourth quarter valued at about $57,000. Balyasny Asset Management L.P. purchased a new stake in Smart Sand in the fourth quarter valued at about $59,000. LPL Financial LLC boosted its holdings in Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in Smart Sand in the fourth quarter worth about $71,000. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Stock Down 6.2%

Shares of SND traded down $0.30 during mid-day trading on Thursday, hitting $4.56. The company’s stock had a trading volume of 282,226 shares, compared to its average volume of 393,517. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $4.93 and its 200-day moving average is $4.74. Smart Sand has a 52-week low of $1.76 and a 52-week high of $5.92. The firm has a market capitalization of $196.03 million, a price-to-earnings ratio of 8.29 and a beta of 0.27.

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

About Smart Sand

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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.

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