Short Interest in Sandisk Corporation (NASDAQ:SNDK) Expands By 20.9%

Key Points

• Short interest rose 20.9% in April to 9,750,678 shares (about 6.6% of shares short), with a short-interest ratio of 0.6 days based on average daily volume of 16,830,102 shares.
• Analysts have been lifting ratings and targets—MarketBeat shows a consensus of "Moderate Buy" with a $812.95 target, while firms like Bank of America ($1,080) and UBS ($1,000) pushed price objectives higher and Raymond James upgraded to "Outperform".
• Director Miyuki Suzuki sold 3,500 shares at an average $627.53 (reducing her holding ~26.1%); corporate insiders hold just 0.21% and several institutions recently initiated or added modest new stakes.

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 9,750,678 shares, an increase of 20.9% from the March 31st total of 8,063,499 shares. Approximately 6.6% of the shares of the company are short sold. Based on an average daily volume of 16,830,102 shares, the short-interest ratio is presently 0.6 days.

Insiders Place Their Bets

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company's stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company's stock.

Institutional Trading of Sandisk

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. purchased a new stake in Sandisk in the 2nd quarter valued at $317,000. Corient Private Wealth LLC purchased a new stake in Sandisk in the 2nd quarter valued at $353,000. Farther Finance Advisors LLC purchased a new stake in Sandisk in the 3rd quarter valued at $108,000. Perigon Wealth Management LLC purchased a new stake in Sandisk in the 3rd quarter valued at $338,000. Finally, Ethic Inc. purchased a new stake in Sandisk in the 3rd quarter valued at $744,000.

Analysts Set New Price Targets

SNDK has been the topic of several recent research reports. Raymond James Financial raised shares of Sandisk from a "market perform" rating to an "outperform" rating and set a $725.00 price objective on the stock in a report on Friday, January 30th. Melius Research initiated coverage on shares of Sandisk in a report on Monday. They issued a "buy" rating on the stock. Bank of America upped their price objective on shares of Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a report on Friday, April 17th. UBS Group set a $1,000.00 price objective on shares of Sandisk in a report on Monday, February 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a "buy" rating in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $812.95.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Seagate’s strong results confirmed robust AI storage demand, giving investors confidence that hyperscaler SSD spending is real and supporting higher pricing for NAND, which benefits Sandisk. SanDisk (SNDK) Stock Surges 7.8% as Seagate Results Confirm Robust AI Storage Market
• Positive Sentiment: Analysts have been raising targets and lifting coverage (e.g., Morgan Stanley / price-target bumps reported across outlets), which supports upside expectations ahead of Sandisk’s next quarterly report. Top Analyst Lifts SanDisk Stock (SNDK) Price Target Ahead of Q3 Earnings
• Positive Sentiment: Bank/firm commentary (BofA coverage) and new buy ratings (Melius initiation) point to improved profitability expectations from sustained AI-driven SSD demand. Melius initiates SanDisk stock coverage with buy rating on AI demand
• Positive Sentiment: Previews and analyst notes (Zacks, Barchart) expect Sandisk to beat and to report strong data-center revenues from AI SSD adoption — a direct fundamental catalyst to sustain the run. Sandisk Q3 Earnings Preview: Is More Upside Ahead for SNDK Stock?
• Neutral Sentiment: Market-mover summaries note SNDK “charging higher” amid broad memory-stock strength today — useful for momentum traders but not a fundamental shift. Sandisk Stock Is Charging Higher Wednesday: Here's Why
• Neutral Sentiment: Coverage pieces and lists (InsiderMonkey, market write-ups) highlight SNDK as a top performer — increases visibility and flows but can also amplify volatility. Sandisk Corporation (SNDK) – Among the 10 Large-Cap Stocks that are on Fire Right Now
• Neutral Sentiment: Analyst/market debates continue — some pieces (FXEmpire) urge caution that AI spending commentary and memory cycles could cause swings; this tempers conviction and raises event risk. SNDK, STX and WDC Forecasts – AI Hype Meets Reality
• Negative Sentiment: A contrarian note from 24/7 Wall St. argues SNDK is materially overvalued after a multi-thousand percent rally and models a ~32% downside to a $681 target — a headline risk that can trigger profit-taking. SanDisk Looks Overvalued, Stock Set for 32% Drop

Sandisk Trading Up 6.2%

Shares of SNDK stock opened at $1,064.21 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The stock has a market capitalization of $157.08 billion, a P/E ratio of -140.21 and a beta of 5.04. The company has a 50 day moving average price of $743.66 and a 200 day moving average price of $465.19. Sandisk has a fifty-two week low of $31.01 and a fifty-two week high of $1,103.00.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm's revenue for the quarter was up 61.2% compared to the same quarter last year. Equities research analysts predict that Sandisk will post 39.01 EPS for the current fiscal year.

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.

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