Sandisk Corporation (NASDAQ:SNDK) Short Interest Update

Sandisk Corporation (NASDAQ:SNDK) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 7,117,661 shares, a decrease of 19.3% from the December 31st total of 8,816,510 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 14,884,739 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 14,884,739 shares, the short-interest ratio is currently 0.5 days. Approximately 4.9% of the company’s stock are sold short.

Sandisk Price Performance

Shares of Sandisk stock opened at $695.51 on Wednesday. The firm has a fifty day moving average price of $327.14 and a two-hundred day moving average price of $189.56. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $725.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The company has a market cap of $102.64 billion and a PE ratio of -91.64.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. The company’s revenue for the quarter was up 61.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SNDK shares. Susquehanna raised their price objective on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $650.00 target price on shares of Sandisk in a research note on Friday. Benchmark lifted their target price on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group upped their price target on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.85.

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the firm’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 transaction, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Sandisk

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in Sandisk during the third quarter worth $1,970,388,000. State Street Corp bought a new position in shares of Sandisk in the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk in the third quarter worth about $297,293,000. Bank of America Corp DE bought a new position in Sandisk in the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk during the third quarter worth $163,057,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and bullish guidance — SanDisk reported ~$3.03B revenue (+61% YoY), EPS well above estimates and rapidly expanding gross margins; management guided materially higher near-term margins and EPS, signaling sustained AI-driven storage demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup
• Positive Sentiment: Analyst upgrades and price-target raises are piling up — multiple firms (Cantor Fitzgerald, Citigroup, Barclays, UBS, Bernstein) jumped to buy/overweight ratings and materially higher targets, reflecting renewed confidence in SanDisk’s earnings power and justifying upside for the stock. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply continuity secured — SanDisk extended its joint venture with Kioxia, lowering a key operational risk around wafer supply and supporting the firm’s ability to capture extended AI-driven demand. SanDisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Macro rotation into hardware/edge AI — several pieces argue the market is shifting from chips/software to device and server vendors (the “AI in a box” or hardware supercycle thesis), which supports higher demand for SanDisk products but distributes gains across OEMs like Dell and HP. The AI in a Box Trade: Hardware Is the Next Boom
• Neutral Sentiment: Market technicals and broader indices — futures and broader market strength are providing supportive tape, but this is a secondary driver versus company-specific earnings and guidance. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Negative Sentiment: Technical extreme and crowding risk — social-media enthusiasm and technical indicators show the stock is far above long-term averages (large percent above the 200‑day MA) and hard-to-borrow/short-interest data suggest elevated crowding and vulnerability to a sharp pullback. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

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.