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LGND · Ligand Pharmaceuticals Inc · Short Interest

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$322.75 +5.42 (+1.71%) At close · Oct 30 Q3 2026 earnings call transcript
Market Cap
$6.43B
Shares
20.00M
Volume · Oct 30 344.37K Avg daily vol (3M) 241.18K

Shares sold short and not yet covered, reported twice monthly. Days to cover is the reported short position divided by average daily volume.

LGND Latest Reported Short Interest

FINRA reported 2,501,915 LGND shares sold short as of the October 15, 2026 settlement date, a decrease of 176,083 shares. Days to cover was 10.53 based on FINRA's reported average daily volume.

Official FINRA short-interest data · share counts are restated for subsequent splits of this listing

LGND Short Interest Forecast

Equibles' model estimates 2,585,378 shares sold short for the October 30, 2026 settlement, +3.3% versus the latest reported position, with a likely range of 2,237,396 to 2,904,153 shares. This model prediction uses FINRA data through October 30, 2026; FINRA's official release is expected November 10, 2026.

Model estimate

Expected Oct 30 short interest

as of Oct 30 Low confidence 49% chance it rises
2,585,378 +3.3% vs reported
Likely range 2,237,396 to 2,904,153 The latest estimate appears in the chart below. Official release expected Nov 10. Methodology
Short Squeeze Score
86/100
Short interest 12.5% of shares — P92 Days to cover 10.5 — P91 Price vs VWAP +8.8% — P90 Short-volume trend -0.6% — P48 Short interest change -6.6% — P28 Worst FTD 0.03% of shares — P66 Earnings soon +10

Positioning score 76.0 + catalyst boost 10 (total capped at 100). This is a screening index, not a probability of a squeeze.

Method and coverage limits

Factor percentiles compare eligible primary operating-company stocks reporting short interest at the latest settlement date (2026-10-15). The weighted mean uses short interest 30%, days to cover 20%, price vs VWAP 15%, short-volume trend 15%, short-interest change 10%, and fails-to-deliver 10%. Missing factors redistribute their weight; incomplete coverage is not evidence of low risk. Price, volume, and earnings boosts add 10 each, capped at 20.

Shares outstanding are not free float. Borrow fees, utilization, lendable supply, recalls, and dealer inventory are not measured. Short-sale volume does not measure the change in open shorts; fails to deliver are not a borrow-cost measurement; price vs VWAP does not establish short sellers' entry prices. Earnings can move prices in either direction.

The weights are judgment-based, not calibrated to future squeeze outcomes. The separate options assessment below does not change this universe ranking.

Options positioning & squeeze sensitivity

Nearest expiration after today within 30 calendar days; same-day expirations and later maturities are excluded.

Open interest is incomplete, stale, or dated inconsistently; positioning totals are unavailable.

Open interest has both a buyer and a seller; it does not reveal dealer hedge direction. Gross gamma sums both calls and puts without netting and uses a local 1% price-change approximation. It measures sensitivity, not predicted buying or a squeeze probability.

Assessment prepared 2026-11-01 06:26 UTC. Options model values may come from a cached snapshot; their original computation time is not supplied. Open interest has its own effective date.

Short Interest History

Settlement Date Current Position Previous Position Change Days to Cover
2026-11-13 Scheduled
FINRA publishes Nov 24
— — — —
2026-10-30 Scheduled
FINRA publishes Nov 10
— — — —
2026-10-15 2,501,915 2,677,998 -176,083 10.53
2026-09-30 2,677,998 2,632,434 +45,564 8.73
2026-09-15 2,632,434 2,480,981 +151,453 13.53
2026-08-31 2,480,981 2,448,076 +32,905 14.12
2026-08-14 2,448,076 2,169,585 +278,491 8.76
2026-07-31 2,169,585 1,918,207 +251,378 7.36
2026-07-15 1,918,207 2,121,617 -203,410 4.99
2026-06-30 2,121,617 1,689,714 +431,903 2.60
2026-06-15 1,689,714 1,638,411 +51,303 8.33
2026-05-29 1,638,411 1,505,179 +133,232 8.18
2026-05-15 1,505,179 1,455,087 +50,092 6.67
2026-04-30 1,455,087 1,406,701 +48,386 7.97
2026-04-15 1,406,701 1,495,607 -88,906 5.26
2026-03-31 1,495,607 1,458,857 +36,750 6.45
2026-03-13 1,458,857 1,378,177 +80,680 5.76
2026-02-27 1,378,177 1,371,498 +6,679 9.02
2026-02-13 1,371,498 1,283,046 +88,452 6.93
2026-01-30 1,283,046 1,267,548 +15,498 6.49
2026-01-15 1,267,548 1,246,230 +21,318 4.55
2025-12-31 1,246,230 1,095,980 +150,250 6.81
2025-12-15 1,095,980 1,108,765 -12,785 4.77
2025-11-28 1,108,765 1,050,284 +58,481 4.81
2025-11-14 1,050,284 1,107,928 -57,644 4.24

Full FINRA short interest reporting calendar

Showing 1–23 of 23 settlements
Key facts CIK 886163 CUSIP 53220K504 13F (30d) 134 filings 125 filers Visit website Investor relations