Short squeeze is starting in shares of LGND at $107.385, after crossing above the $106.349 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 $107.385, after crossing above the $106.349 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
2025-05-09	87,316	148,631	58.75	104.64	9,136,746
2025-05-08	101,706	169,961	59.84	103.75	10,551,998
2025-05-07	74,742	146,571	50.99	105.39	7,877,059
2025-05-06	50,183	95,793	52.39	103.93	5,215,519
2025-05-05	54,422	120,455	45.18	106.45	5,793,222
2025-05-02	36,616	81,140	45.13	109.82	4,021,169
2025-05-01	38,241	77,670	49.24	109.17	4,174,770
2025-04-30	43,847	104,935	41.78	110.06	4,825,801
2025-04-29	51,669	83,892	61.59	111.19	5,745,076
2025-04-28	50,663	84,547	59.92	108.55	5,499,469
2025-04-25	56,227	102,673	54.76	106.89	6,010,104
2025-04-24	40,976	80,418	50.95	107.96	4,423,769
2025-04-23	84,877	171,217	49.57	107.18	9,097,117
2025-04-22	50,110	102,538	48.87	106.55	5,339,221
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	34,899	77,432	45.07	104.61	3,650,784
2025-04-15	25,282	59,881	42.22	106.62	2,695,567
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	99,166	159,799	62.06	98.35	9,752,976
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	56,809	115,188	49.32	103.54	5,882,004
2025-04-02	41,707	104,785	39.8	107.63	4,488,924
2025-04-01	42,893	97,782	43.87	104.93	4,500,762
2025-03-31	49,088	153,340	32.01	104.5	5,129,696
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

Total	92,242,430	216,130,303	42.68	106.35	9,810,244,619

* Totals include all data records back to 2020-05-13 00:00:00, data set is truncated for viewing.

N※N

Short squeeze is starting in shares of LGND at $107.385, after crossing above the $106.349 Trigger Price