Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 20.3%

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant decrease in short interest during the month of 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. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 178,928 shares, the short-interest ratio is currently 0.1 days.

SOBR Safe Stock Up 2.6%

Shares of NASDAQ SOBR opened at $0.73 on Thursday. The company has a market cap of $1.11 million, a price-to-earnings ratio of -0.12 and a beta of 0.73. SOBR Safe has a 12 month low of $0.48 and a 12 month high of $5.29. The business has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $1.76.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 1.04% of SOBR Safe at the end of the most recent reporting period. 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 report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.