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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: Arthur Radley who wrote (30786)10/5/2000 12:45:30 PM
From: tuck  Read Replies (1) of 32384
 
TD,

biz.yahoo.com

Some of the past short position was due to a hedge play by a firm long the warrants, if memory serves. I'm sure you remember this. The gradual decrease reflects the unwinding of that position as fundamentals (i.e. lackluster sales) take over to keep the short interest over 400k, IMO.

Cheers, Tuck
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