Western Data Surges 12% on Buy Rating as Shorts Face Liquidation
2026-06-30 10:56

Woofun AI reports that Western Digital (WDC) rose 11.86% on Hyperliquid over the last 24 hours, reaching $654.68. Melius Research initiated a 'Buy' rating with a $1,050 target, while Cantor Fitzgerald raised its target to $900 citing 45% year-on-year revenue growth.

A major whale expanded short positions by 10x leverage at an average price of $642.35. The current $6.71 million short position faces liquidation at $673.41, just 2.9% above the current price. Total shorts of $6.7 million are 2.66 times larger than $2.5 million in longs.

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Tags:
Hyperliquid
Melius
Cantor Fitzgerald
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