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A SanDisk Short Position Grew by $3.42 Million at One Address

The account recorded about $9.2 million in total profit, while reported gains for the 30-day period came to approximately $25.79 million.

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The SanDisk corporate campus sits along Sandisk Drive in Milpitas, California. / EconoTimes.ai
The SanDisk corporate campus sits along Sandisk Drive in Milpitas, California. / EconoTimes.ai

The address’s overall P&L was about $9.2 million in profit. Over the prior 30 days, gains reached approximately $25.79 million as its SanDisk (SNDK) short exposure expanded by roughly $3.42 million.

Short positions generally benefit when the underlying asset falls. The increase reflects a larger bearish position in SanDisk.

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