Cardiff Oncology, Inc. (CRDF)

[apollo1452]

TROV trading data confirms bullish reversal.

Those who thought the Wednesday DB conference would be important for TROV were correct. The gap closed, daily short interest declined & Slapping the Ask heated up. Suddenly TROV is in a bullish position again.

The Finra daily short sale percentages of total daily volume for the last 9 trading days:
37.6%, 36.3%, 53.6%, 45.2%, 53.9%, 54.7% 57.8% 44.6% & Thursday 5/5/16 was 44.9%.

The Interactive Data breakdown for daily trading:
Wednesday 5/4/16: 343,084 shares(44.9%) traded on the Ask, 327,543 shares(42.9%) traded on the Bid & 93,069 shares(12.2%) changed hands in between.
Thursday 5/5/16: 239,982 shares(44%) traded on the Ask, 223,637(41%) traded on the Bid & 81,790 shares(15%) changed hands in between.
Slapping the Ask obviously puts pressure on short sellers & I believe there is a lot more to come. I feel anything under $5 is a good entry point & have loaded up on TROV. GLTL