Feb. 26 at 5:25 PM
$ROLR FINRA short interest data came out yesterday showing short interest weakening to 4% of the float in February. As price settles around
$4, a surge in volume is likely to send this back to retest the
$15.60-
$16.71 gap.
Investor confidence and price targets come from:
- DRO buyers at
$13.21 are likely lending based on volume and borrow availability since they never had a chance to realize a gain after that offering closed.
- Warrants to buy 95k shares at
$16.51 have not been exercised since no order filled at that price after the offering closed.
- Still low public float at 4.5M shares with insiders and institutions holding ~60%. Saratoga is still in a 180-day lockup period until July.
- Daily technicals showing a strong support at
$4, respecting the daily 200EMA and retesting currently the daily 100EMA after a break above. Momentum (MOM) slowly rising since the start of the drop and now above 0. A close above
$5 would be a break above the daily 50EMA and 20 EMA.
NFA.
