Short squeeze is starting in shares of LGND at $107.1, after crossing above the $106.169 Trigger Price

In the past 20 years (since 2005 with the introduction of RegSho), short selling has come under scrutiny as millions of retail investors have discovered what we have been highlighting since early 2005. Market makers abuse the “market maker’s exemption” and short excessive amounts of shares in your stock without locating, borrowing, paying the rebate or the interest rate to borrow. They are required to cover on the same trading day, and our data proves they do not.

The chart below shows “Daily Short Volume” in Ligand Pharmaceuticals Incorporated (LGND), and includes both EXEMPT (market makers) and NON-EXEMPT (everyone else) short sales. We consolidate the tape of all 14 US stock exchanges and purchase the “sell short” trade identifier data directly from the exchanges on a daily basis. This complete view of the trading in your stock shows a vastly different picture than “Total Short Interest”, which only includes non-exempt short sales that have not been covered by the twice per month reporting date. Unfortunately, this misses the majority of the short selling.

This indicates that a Short Squeeze may be starting in shares of Ligand Pharmaceuticals Incorporated at $107.1, after crossing above the $106.169 Trigger Price. This could signal a buying opportunity, given the right market conditions.

You can find the full report at [ https://www.woprai.com/ ]

Please find the applicable data below, drawn from all major market providers.

Date	Short Volume	Total Volume	Percentage	Squeeze Trigger	$ Value
2025-04-21	48,619	88,386	55.01	104.62	5,086,520
2025-04-17	56,549	105,130	53.79	104.83	5,928,032
2025-04-16	34,864	77,432	45.03	104.61	3,647,123
2025-04-15	25,238	59,881	42.15	106.62	2,690,876
2025-04-14	55,844	114,289	48.86	104.87	5,856,360
2025-04-11	34,956	70,653	49.48	103.91	3,632,278
2025-04-10	60,943	115,660	52.69	100.88	6,147,930
2025-04-09	71,060	160,931	44.16	100.32	7,128,739
2025-04-08	99,022	159,799	61.97	98.35	9,738,814
2025-04-07	92,217	201,601	45.74	98.46	9,079,686
2025-04-04	76,387	165,622	46.12	99.42	7,594,396
2025-04-03	56,695	115,188	49.22	103.54	5,870,200
2025-04-02	41,685	104,785	39.78	107.63	4,486,557
2025-04-01	42,893	97,782	43.87	104.93	4,500,762
2025-03-31	49,038	153,340	31.98	104.5	5,124,471
2025-03-28	34,127	68,234	50.01	107.81	3,679,232
2025-03-27	66,459	131,089	50.7	110.69	7,356,347
2025-03-26	51,709	86,313	59.91	109.2	5,646,623
2025-03-25	81,580	164,758	49.52	110.13	8,984,405
2025-03-24	47,890	96,782	49.48	111.51	5,340,214
2025-03-21	101,137	266,535	37.95	108.38	10,961,228
2025-03-20	45,159	94,797	47.64	109.54	4,946,717
2025-03-19	41,316	100,246	41.21	107.48	4,440,644
2025-03-18	52,233	128,585	40.62	106.03	5,538,265
2025-03-17	94,586	166,915	56.67	110.75	10,475,400
2025-03-14	54,669	147,291	37.12	106.9	5,844,116
2025-03-13	48,474	120,759	40.14	105.86	5,131,458
2025-03-12	61,668	167,005	36.93	108.35	6,681,728
2025-03-11	63,084	171,290	36.83	106.93	6,745,572
2025-03-10	52,293	130,539	40.06	108.99	5,699,414
2025-03-07	52,786	119,410	44.21	114.84	6,061,944
2025-03-06	37,946	87,384	43.42	115.5	4,382,763
2025-03-05	47,149	99,684	47.3	115.19	5,431,093
2025-03-04	54,116	127,204	42.54	114.72	6,208,188
2025-03-03	60,408	164,090	36.81	113.43	6,852,079
2025-02-28	86,363	149,283	57.85	120.93	10,443,878
2025-02-27	79,537	155,756	51.07	118.64	9,436,270

Total	94,009,552	220,050,677	42.72	106.18	9,981,811,115

* Totals include all data records back to 2020-04-23 00:00:00, data set is truncated for viewing.

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Short squeeze is starting in shares of LGND at $107.1, after crossing above the $106.169 Trigger Price