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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 88,059 shares, a decrease of 38.5% from the August 15th total of 143,248 shares. Based on an average daily volume of 205,886 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

SOBR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, July 29th. Wall Street Zen raised SOBR Safe to a “sell” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SOBR Safe presently has an average rating of “Sell”.

SOBR Safe Price Performance

NASDAQ SOBR traded up $0.00 during midday trading on Friday, hitting $0.14. 29,374 shares of the company traded hands, compared to its average volume of 5,339,270. The company has a market cap of $754,718.70, a PE ratio of -0.03 and a beta of 1.22. The company’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $0.78. SOBR Safe has a 52 week low of $0.07 and a 52 week high of $3.97.

SOBR Safe (NASDAQ:SOBR) last released its quarterly earnings results on Friday, August 14th. The company reported ($1.08) EPS for the quarter, topping the consensus estimate of ($220.00) by $218.92. SOBR Safe had a negative return on equity of 314.39% and a negative net margin of 2,924.23%.The firm had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.53 million.

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.