Sandisk Corporation (NASDAQ:SNDK) Short Interest Up 27.2% in December
by Jessica Moore · The Cerbat GemSandisk Corporation (NASDAQ:SNDK – Get Free Report) was the target of a significant increase in short interest during 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. Approximately 6.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,924,731 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 6,924,731 shares, the short-interest ratio is presently 1.3 days. Approximately 6.0% of the company’s stock are short sold.
Sandisk Stock Performance
Sandisk stock traded up $4.38 during midday trading on Friday, reaching $413.62. 15,625,920 shares of the stock traded hands, compared to its average volume of 10,191,790. The firm has a fifty day moving average price of $259.52 and a two-hundred day moving average price of $148.25. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $432.02. The firm has a market cap of $60.62 billion and a price-to-earnings ratio of 1,292.56. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The company’s revenue 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 Transactions at Sandisk
In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction on Wednesday, December 3rd. The shares were 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 represents a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Sandisk during the third quarter valued at approximately $13,546,000. HB Wealth Management LLC acquired a new position in shares of Sandisk during the 3rd quarter worth $348,000. RWC Asset Management LLP bought a new position in shares of Sandisk during the 3rd quarter valued at $6,892,000. Parnassus Investments LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at $103,815,000. Finally, Voya Investment Management LLC bought a new stake in Sandisk in the third quarter worth $8,917,000.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SNDK shares. Wells Fargo & Company increased their price target on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wedbush increased their target price on Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Benchmark boosted their price target on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. China Renaissance began coverage on Sandisk in a research report on Friday, December 5th. They set a “buy” rating and a $322.00 price target on the stock. Finally, Wall Street Zen cut Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Two investment 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $316.84.
Get Our Latest Research Report on Sandisk
Key Stories Impacting Sandisk
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 Company Profile
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.