HuoXing Finance reports that, on August 4, according to TradingBeats (formerly Hyperinsight), SanDisk will release its fourth-quarter and full-year financial results at 4:30 AM Beijing Time on August 6. As the earnings report approaches and amid today’s stock price rally, large holders on Hyperliquid have reduced their long exposure. Among addresses with positions valued over $1 million, the long-to-short ratio by count is 0.75:1, and by value approximately 0.72:1, with short positions exceeding longs by about $8.517 million. Over the past 24 hours, long exposure among large holders has decreased by approximately $3.061 million at current prices. Despite SNDK’s continued rebound, the position structure has further shifted toward the shorts. Four early longs collectively net reduced their positions by 8,321.8 SNDK contracts today, equivalent to approximately $11.111 million at current prices: - The address starting with 0x1367 opened a new long position of 6,000 contracts last night and reduced it by half today; - Address 0x0ad9 net reduced its position by 1,935 contracts and still holds approximately $5.193 million in longs; - Address 0x364a closed its entire long position of 1,700.1 contracts, realizing a profit of approximately $173,000; - Address 0xdb09 net reduced its position by 1,686.8 contracts but still retains approximately $6.228 million in longs. Meanwhile, the largest current short, address 0xefe, maintains a short position of 7,503.8 SNDK contracts, valued at approximately $10.015 million, with an average entry price of $1,311.90. After multiple trades today, it net added 214.1 additional short contracts. As of publication, the SNDK mapped contract is trading at $1,334.70, up approximately 8.4% over 24 hours, with a trading volume of about $491 million and an open interest value of approximately $126 million. The funding rate has shifted from a cumulative +0.0239% over the prior 24 hours to a cumulative -0.0026% since today.
SanDisk Earnings Approach as Short Position Exceeds Longs by $8.5M
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Summary
SanDisk’s Q4 and full-year earnings report on August 6 triggered shifts in position trading. Long positions on Hyperliquid declined by $3.06 million within 24 hours, as four major holders reduced their holdings by 8,321.8 SNDK shares, worth $11.1 million. The largest short position, held by 0xefe, amounts to 7,503.8 shares valued at $10.015 million. The funding rate turned negative at -0.0026%, indicating traders are adjusting position sizes in anticipation of the report.
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