21 /100
LOW RISK
Score updated May 29, 2026

LGND — Ligand Pharmaceuticals Incorporated Dilution Risk 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.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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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: 9.8% potential dilution
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💹 Market Data

Market Cap$4.70B
Shares Outstanding20.04M
Float19.57M
Cash$779.40M
Debt$451.98M
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 Interest1.46M
Days to Cover8.0
% of Float7.4%
FINRA data as of Apr 30, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Dec 31, 2025
xbrl XBRL WARRANT Dec 31, 2023
4 INSIDER TRANSACTION Apr 02, 2026
4 INSIDER TRANSACTION Apr 02, 2026
4 INSIDER TRANSACTION Mar 31, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news
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🔬 More Research for LGND
📊 LGND FDA Catalyst Timeline & Biotech Grade — BiotechSigns 📡 LGND Signal Convergence & Dark Pool Activity — StonkWhisper

Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.