21 /100
LOW RISK
Score updated Apr 13, 2026

LGND

Ligand Pharmaceuticals Incorporated — Stock Dilution Tracker

Track LGND dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

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📊 Score Breakdown
📋 Offering Ability
20
💰 Cash Runway
0
📊 Float Risk
20
⚠️ Warrant Exposure
50
🔄Convertible Debt
🌦️ Dilution Forecast
Watch
Minor dilution signals detected
17%
📜 Warrant Exercise 25%
• Significant warrants: 16% of shares outstanding
🔁 Convertible Conversion 15%
• Convertible debt present: 11.3% potential dilution
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💹 Market Data
Market Cap$4.09B
Shares Outstanding19.94M
Float19.47M
Cash$733.52M
Debt$451.54M
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↓ 44.0% shares (2025Q4 vs prior)
347 institutional holders · 20.95M shares
#1 BlackRock, Inc. 2.94M shares
#2 VANGUARD GROUP INC 2.07M shares
#3 JANUS HENDERSON GROUP PLC 995.4K shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest1.50M
Days to Cover6.5
% of Float7.7%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL CONVERTIBLE Dec 31, 2025
xbrl XBRL WARRANT Dec 31, 2023
Full SEC filing analysis available with free account
📰 Recent News
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