$SNDK trader Loracle is finally starting to get a pause on his massive short position in SanDisk! The unrealized loss has been reduced to $5.47 million while SanDisk shares have fallen by nearly 3% today. He is currently short-selling 15,847 shares at $1,485.67 with a position size of 9x, and the total value of his short position is $29 million, with a liquidation price of $2,421.74. Despite this calm, his overall account still shows a brutal unrealized loss of $11.44 million. What do you think, friends: can he get out of this hole or is liquidation on the way?
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