Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Increases By 294.3%

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 112,002 shares, a growth of 294.3% from the April 15th total of 28,408 shares. Based on an average daily trading volume, of 1,427,511 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.0% of the company’s shares are short sold.

SOBR Safe Stock Down 15.1%

NASDAQ SOBR traded down $0.27 on Thursday, hitting $1.52. The stock had a trading volume of 1,116,909 shares, compared to its average volume of 4,731,078. The company’s 50-day moving average is $0.81 and its two-hundred day moving average is $1.42. The stock has a market cap of $4.27 million, a price-to-earnings ratio of -0.27 and a beta of 0.81. SOBR Safe has a one year low of $0.48 and a one year high of $5.29.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings results on Friday, April 10th. The company reported ($1.91) earnings per share for the quarter. The company had revenue of $0.14 million during the quarter. SOBR Safe had a negative return on equity of 172.71% and a negative net margin of 2,166.28%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd acquired a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.