Sandisk Shorts Face ‘Extreme’ Squeeze Risk With $3 Billion Loss
Short interest in Sandisk Corp. has been climbing for months alongside a sharp rally in the stock, pushing the risk of a short squeeze to an “extreme” level, according to S3 Partners LLC. “Short sellers have moved in lockstep over the last few months, utilizing a reversal strategy by shorting aggressively into the rally,” the…
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