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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 222,292 shares, a decline of 61.2% from the December 31st total of 573,556 shares. Based on an average daily trading volume, of 141,199 shares, the short-interest ratio is presently 1.6 days. Approximately 14.7% of the company’s shares are short sold. Approximately 14.7% of the company’s shares are short sold. Based on an average daily trading volume, of 141,199 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to its most recent Form 13F filing 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 approximately 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 5.9%

NASDAQ SOBR traded down $0.08 during trading hours on Thursday, reaching $1.20. The company’s stock had a trading volume of 82,400 shares, compared to its average volume of 205,060. The business has a 50-day simple moving average of $1.77 and a 200 day simple moving average of $2.85. The stock has a market cap of $1.82 million, a PE ratio of -0.01 and a beta of 0.59. SOBR Safe has a 52 week low of $1.18 and a 52 week high of $14.20.

SOBR Safe (NASDAQ:SOBR) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($1.44) earnings per share for the quarter. The firm had revenue of $0.11 million during the quarter. SOBR Safe had a negative return on equity of 93.26% and a negative net margin of 2,265.66%.

Analyst Ratings Changes

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

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.