Short Interest in SK hynix Inc. (NASDAQ:SKHY) Grows By ∞

SK hynix Inc. (NASDAQ:SKHY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 14,857,954 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 30,521,821 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research raised shares of SK hynix to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. UBS Group began coverage on SK hynix in a research note on Wednesday. They issued a “buy” rating and a $204.00 target price for the company. Finally, Barclays cut their price objective on SK hynix from $330.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $252.00.

SK hynix Price Performance

Shares of NASDAQ SKHY opened at $149.00 on Friday. SK hynix has a 12 month low of $124.80 and a 12 month high of $194.80.

SK hynix (NASDAQ:SKHY) last issued its quarterly earnings data on Wednesday, July 29th. The memory chip maker reported $8.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $3.64. The firm had revenue of $52.83 billion during the quarter, compared to analyst estimates of $59.05 billion.

Key Headlines Impacting SK hynix

Here are the key news stories impacting SK hynix this week:

• Positive Sentiment: UBS upgraded SK hynix to “strong-buy,” providing a fresh bullish catalyst and reinforcing investor confidence in the company’s AI-memory growth outlook. Zacks.com
• Positive Sentiment: AI-related semiconductor shares rallied sharply after strong results from Amazon and Microsoft revived optimism about cloud infrastructure and data-center spending. SK hynix rose alongside Samsung and the broader iShares Semiconductor ETF. Chipmakers Samsung and SK Hynix soar nearly 30% as Amazon sparks relief rally
• Positive Sentiment: Underlying memory fundamentals remain strong. Samsung’s sharply higher chip profit, reported supply agreements with data-center operators, and expectations of a prolonged global chip shortage are supporting demand expectations for SK hynix’s HBM and server-memory products. Why memory stocks are roaring back
• Positive Sentiment: SK hynix’s latest quarter showed a major year-over-year increase in revenue and operating profit, record margins, strong HBM demand, and progress toward HBM4 shipments. Long-term customer agreements could improve revenue visibility.
• Neutral Sentiment: The rally follows a steep recent pullback, creating potential for continued short-term volatility as investors reassess valuation, crowded AI positioning, and the sustainability of the memory upcycle. SK Hynix’s 30% Stock Rise in Korea Is Nothing to Celebrate
• Negative Sentiment: Second-quarter revenue missed analyst expectations despite an EPS beat and explosive profit growth. Investors also remain concerned that SK hynix’s planned capital spending and capacity expansion could pressure returns if AI-memory demand slows.

About SK hynix

SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.

The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.