Sandisk Corporation (NASDAQ:SNDK) Sees Large Growth in Short Interest

Sandisk Corporation (NASDAQ:SNDK) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,816,510 shares, an increase of 27.2% from the December 15th total of 6,930,918 shares. Based on an average daily volume of 6,924,731 shares, the days-to-cover ratio is presently 1.3 days. Approximately 6.0% of the shares of the company are sold short. Approximately 6.0% of the shares of the company are sold short. Based on an average daily volume of 6,924,731 shares, the days-to-cover ratio is presently 1.3 days.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein nearly doubled its price target and called NAND demand “unprecedented,” fueling the momentum behind SNDK shares. Bernstein Nearly Doubles PT
• Positive Sentiment: Benchmark raised its target to $450 and reiterated a Buy, signaling confidence in continued upside from supply tightness and pricing power. Benchmark Raises PT
• Positive Sentiment: Goldman Sachs raised its price target to $320 (Buy), citing strong SSD demand that supports higher revenue and pricing leverage. Goldman Sachs Raises PT
• Positive Sentiment: Multiple banks (Barclays, RBC Capital initiation, others) published higher targets or upgrades in quick succession, creating a clustering of positive research that pushed shares higher. Blockonomi Coverage of Upgrades
• Neutral Sentiment: RBC moved its rating to Sector Perform / Hold (coverage note), which is less bullish than some peers and suggests differing views on upside from current levels. RBC / Zacks Note
• Negative Sentiment: Seeking Alpha flagged that the NAND trade is getting crowded ahead of Q2 earnings, warning that positioning could amplify volatility if results or guidance disappoint. Seeking Alpha: Crowded Trade

Sandisk Price Performance

Shares of Sandisk stock traded up $4.38 during mid-day trading on Friday, reaching $413.62. 15,625,920 shares of the stock were exchanged, compared to its average volume of 10,191,790. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $432.02. The company has a market cap of $60.62 billion and a price-to-earnings ratio of 1,292.56. The firm has a 50-day simple moving average of $259.52 and a 200 day simple moving average of $148.25. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

A number of hedge funds have recently added to or reduced their stakes in SNDK. Blue Trust Inc. raised its stake in shares of Sandisk by 411.4% in the fourth quarter. Blue Trust Inc. now owns 179 shares of the data storage provider’s stock worth $42,000 after acquiring an additional 144 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk in the 3rd quarter valued at $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at $28,000. Parallel Advisors LLC acquired a new position in shares of Sandisk during the third quarter valued at $30,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Sandisk in the third quarter valued at about $32,000.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. JPMorgan Chase & Co. started coverage on Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday. Benchmark upped their price target on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Susquehanna lifted their price target on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.84.

About Sandisk

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.