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

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 74,367 shares, a decline of 66.5% from the January 15th total of 222,292 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average daily volume of 266,131 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 266,131 shares, the short-interest ratio is presently 0.3 days. Approximately 4.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC bought a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned about 1.27% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. 7.93% of the stock is owned by institutional investors and hedge funds.

SOBR Safe Price Performance

Shares of SOBR stock traded down $0.04 during trading hours on Thursday, reaching $0.80. 27,408 shares of the company’s stock were exchanged, compared to its average volume of 218,379. The company’s 50 day moving average is $1.65 and its two-hundred day moving average is $2.62. The company has a market cap of $1.21 million, a P/E ratio of -0.01 and a beta of 0.61. SOBR Safe has a 1 year low of $0.79 and a 1 year high of $14.20.

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

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.