SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Update

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 74,367 shares, a decrease of 66.5% from the January 15th total of 222,292 shares. Based on an average daily volume of 266,131 shares, the short-interest ratio is presently 0.3 days. Currently, 4.9% of the company’s stock are sold short. Currently, 4.9% of the company’s stock are sold short. Based on an average daily volume of 266,131 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SOBR Safe in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned about 1.27% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Trading Down 4.4%

SOBR opened at $0.80 on Friday. The company has a market cap of $1.22 million, a price-to-earnings ratio of -0.01 and a beta of 0.61. The company’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $2.61. SOBR Safe has a 1-year low of $0.79 and a 1-year high of $14.20.

SOBR Safe (NASDAQ:SOBR) last posted its earnings results on Wednesday, November 12th. The company reported ($1.44) EPS for the quarter. SOBR Safe had a negative return on equity of 93.26% and a negative net margin of 2,265.66%.The business had revenue of $0.11 million for the quarter.

SOBR Safe Company Profile

SOBR Safe, Inc (NASDAQ: SOBR) is a technology company specializing in the development and commercialization of cognitive impairment monitoring solutions. The company’s flagship offerings consist of handheld breath alcohol screening devices and integrated cognitive assessment tools designed to detect impairment in real time. SOBR Safe’s product line pairs portable breathalyzers with proprietary software that captures, records and analyzes impairment data to help organizations maintain safety and compliance standards.

Founded in 2020 and headquartered in Vancouver, Canada, SOBR Safe has focused on research and development of non-invasive impairment detection technology.