The surge in Sand has caused short sellers to lose $3 billion

Glonghui Jan 23｜According to statistics from S3 Partners, since early November last year, short sellers have continued to increase their positions against storage bull stock SanDisk, with the short interest rising from about 4% to around 7.5%. In terms of market value, short positions have incurred losses of approximately $3 billion, greatly increasing the risk of a short squeeze for the stock. Since the beginning of the year, SanDisk has surged by 112%, ranking first among S&P 500 constituents.