SanDisk Pre-Earnings Short Interest Surges as $11M in Long Positions Are Liquidated

Ahead of Q4 results, whale short interest grows by $8.5M while four major addresses offload $11.1M in longs, signaling cautious market sentiment.

Woofun AI reports that SanDisk is scheduled to release fiscal fourth-quarter and full-year earnings on August 6 at 4:30 AM Beijing time. On-chain data reveals a bearish tilt among large holders, with the long-to-short ratio standing at 0.75:1 by count and 0.72:1 by value, indicating short positions exceed longs by approximately $8.517 million.

Four significant long addresses have collectively reduced their exposure by 8,321.8 SNDK contracts, totaling roughly $11.111 million. Address 0x1367 halved its overnight longs; 0x0ad9 net reduced by 1,935 contracts, retaining ~$5.193M in longs; 0x364a fully closed its position for an estimated $173,000 profit; and 0xdb09 net reduced by 1,686.8 contracts, retaining ~$6.228M in longs.

Meanwhile, the largest short holder, 0xefe, maintains a $10.015 million short position and added 214.1 net short contracts during the session.