Sandisk (SNDK) Short Interest Surges to Extreme Levels Amid Stock Rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy SNDK?
Source: seekingalpha
- Short Interest Surge: Sandisk's short interest has risen from approximately 4% to 7.5% since early November, indicating that short sellers have aggressively shorted the stock during its rally, resulting in a short-squeeze risk score that has soared to 82.5, reflecting extreme risk levels.
- Significant Market Losses: Mark-to-market losses on short positions have reached around $3 billion, which has further driven up the short-squeeze risk score, highlighting the strong bearish sentiment surrounding Sandisk's stock in the market.
- Outstanding Stock Performance: Sandisk shares have surged 112% year-to-date, significantly outperforming the S&P 500 Index's gain of about 1%, positioning the stock among the top performers in the index for 2026, indicating strong market confidence in its future growth.
- AI Demand Boost: The global flash memory shortage and surging demand for storage driven by the artificial intelligence market have allowed Sandisk to raise prices, with Nvidia's CEO emphasizing the untapped potential of the storage market at the CES conference, further attracting investor interest in the company.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 692.730
Low
220.00
Averages
283.69
High
410.00
Current: 692.730
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Webcast Availability: The conference call will feature a live webcast and a replay option, allowing investors to access the information conveniently via investor.sandisk.com, thereby enhancing transparency and accessibility of corporate communications.
- Company Overview: Sandisk focuses on delivering innovative Flash solutions and advanced memory technologies that meet the aspirations of individuals and businesses, enabling them to push the boundaries of possibility and drive technological advancement.
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- Webcast Availability: The conference call will feature a live webcast and a replay option, allowing investors to access the information conveniently via investor.sandisk.com, thereby enhancing transparency and accessibility of corporate communications.
- Company Overview: Sandisk focuses on delivering innovative Flash solutions and advanced memory technologies that meet the aspirations of individuals and businesses, enabling them to push the boundaries of possibility and drive technological advancement.
- Brand Engagement Channels: Sandisk actively engages with users through social media platforms such as Instagram, Facebook, X, LinkedIn, and YouTube, enhancing brand visibility and attracting a broader audience.
See More
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- Oil Price Surge: Crude oil prices soared over 13% as President Trump took a tougher stance on Iran, reaching a 3.5-week high, which not only heightened inflation fears but also pushed bond yields higher, with the 10-year T-note yield rising by 2 basis points to 4.34%.
- Unemployment Claims Drop: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could provide support for the stock market amid rising inflation concerns.
- Global Market Decline: Overseas stock markets are lower, with the Euro Stoxx 50 down 2.25%, China's Shanghai Composite down 0.74%, and Japan's Nikkei 225 sharply falling 2.38% from a two-week high, reflecting global economic uncertainty and investor caution.
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See More
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- Tesla Delivery Decline: Tesla reported first-quarter deliveries of 358,000 vehicles, a 14% drop from the previous quarter and below the expected 370,000, leading to a 4% decline in stock price, indicating market concerns over its growth outlook.
- Nike's Bleak Sales Outlook: Nike anticipates a 20% decline in sales in China for the current quarter, resulting in a more than 2% drop in stock price, highlighting increasing challenges the company faces in the global market that could impact future profitability.
- Globalstar Stock Surge: Globalstar shares rose 9% following reports that Amazon is in talks to acquire the company, although Amazon declined to comment, the optimism surrounding the potential acquisition boosted the stock price significantly.
- Penguin Solutions Earnings Beat: Penguin Solutions reported adjusted earnings of 52 cents per share, exceeding the analyst consensus of 42 cents, with revenue of $343 million surpassing expectations, reflecting strong performance in the computing and memory markets, resulting in a 13% stock price increase.
See More
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- Stellar Stock Performance: Since last year's 'Liberation Day', Sandisk's stock has surged by 1200%, making it the top performer in the S&P 500 index, reflecting strong market demand and investor confidence.
- Impressive Financials: In the most recent quarter, Sandisk reported revenues exceeding $3 billion, a 61% year-over-year increase, with net income soaring from $104 million to $803 million, showcasing its robust performance and profitability in the flash memory market.
- Future Growth Expectations: The company anticipates revenues could reach as high as $4.8 billion in the current quarter, indicating significant growth potential amid rising demand for artificial intelligence and high-speed storage solutions.
- Attractive Valuation: Despite the substantial stock rally, Sandisk's valuation remains reasonable at less than 13 times expected future earnings, well below the S&P 500 average of 20 times, suggesting the stock still holds appeal, though market supply-demand dynamics should be monitored to mitigate risks.
See More
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- Opendoor Performance: Opendoor Technologies saw its stock price soar over 350% in the past 12 months, despite facing challenges from high interest rates and economic uncertainty; however, its stock gained massive returns due to retail investor enthusiasm, with a $10,000 investment now worth approximately $45,000.
- Newegg Sales Growth: Newegg Commerce experienced a sales increase of about 13% in the first half of 2025, reaching $695.7 million, although the company incurred a loss of $4.2 million, its stock price rose around 620% over the past year, turning a $10,000 investment into roughly $73,000, reflecting strong demand in the electronics sector.
- Sandisk's Outstanding Performance: Sandisk, the best-performing stock in the S&P 500 index, has seen its price rise nearly 1,400% over the past year, generating $5.3 billion in revenue in the last two quarters, a 42% increase year-over-year, making a $10,000 investment now worth over $145,000, and it stands as the only profitable company on this list.
- Investment Return Analysis: The combined value of these three stocks is approximately $263,000, indicating a total profit of around $233,000, showcasing the potential returns of stock investments even amid market fears and uncertainties.
See More
Mizuho Securities Bullish on Micron and Sandisk Stocks
- Investment Recommendation: Mizuho Securities analyst Vijay Rakesh asserts that despite exaggerated market fears regarding 'peak memory,' shares of Micron Technology (MU) and Sandisk (SNDK) are still worth buying, reflecting an optimistic outlook for future market performance.
- Technological Advancements: The analyst highlights that TurboQuant was first explored in 2025, with recent results on AI inference performance gains indicating that various algorithms from Google will drive increased memory demand, further enhancing the bullish stance on these stocks.
- Market Dynamics: Rakesh believes that the adoption of virtualized machines has paradoxically increased server demand, and the launch of DeepSeek has not led to a GPU slowdown but rather accelerated AI growth, demonstrating sustained demand for memory products.
- Price Targets: Mizuho Securities maintains an 'Outperform' rating on Micron and Sandisk, with price targets set at $530 and $710 respectively, indicating a positive outlook on the future performance of both companies.
See More
