SOBR Safe, Inc. (NASDAQ:SOBR) Sees Significant Drop in Short Interest

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 24,684 shares, a decrease of 20.3% from the March 15th total of 30,974 shares. Based on an average daily volume of 178,928 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.6% of the shares of the stock are sold short.

SOBR Safe Price Performance

NASDAQ SOBR opened at $0.62 on Friday. SOBR Safe has a 1 year low of $0.48 and a 1 year high of $5.29. The stock has a market capitalization of $934,800.00, a PE ratio of -0.10 and a beta of 0.73. The company’s 50 day simple moving average is $0.73 and its two-hundred day simple moving average is $1.73.

SOBR Safe (NASDAQ:SOBR) last posted its earnings results on Friday, April 10th. The company reported ($1.91) earnings per share (EPS) for the quarter. SOBR Safe had a negative return on equity of 104.44% and a negative net margin of 2,032.19%.The firm had revenue of $0.14 million during the quarter.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC acquired a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned approximately 1.27% of SOBR Safe as of its most recent filing with the SEC. Hedge funds and other institutional investors own 7.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About SOBR Safe

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.