Whale NMTD.HL has taken $15.2 million in short positions against U.S. storage-related and semiconductor stocks and is currently down $2.47 million. The positions consist of $11.22 million in SanDisk, $2.54 million in AMD, and $1.45 million in Micron. On May 1, NMTD.HL said it was waiting for a 40% drop in SNDK, indicating that the SanDisk short was the core part of the trade. A short position is a bearish strategy that seeks to profit if an asset’s price falls, but losses can grow if the stock rises instead.