SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Down 88.9% in July

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 150,111 shares, a decline of 88.9% from the July 15th total of 1,350,311 shares. Approximately 5.4% of the company’s shares are sold short. Based on an average trading volume of 2,125,864 shares, the days-to-cover ratio is presently 0.1 days.

SOBR Safe Stock Performance

SOBR traded down $0.03 during trading on Wednesday, reaching $0.57. The company’s stock had a trading volume of 172,279 shares, compared to its average volume of 6,191,278. The company has a market capitalization of $1.61 million, a price-to-earnings ratio of -0.10 and a beta of 1.23. The company’s fifty day moving average price is $0.79 and its 200-day moving average price is $0.88. SOBR Safe has a 52-week low of $0.35 and a 52-week high of $3.97.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new position in SOBR Safe stock. Citadel Advisors LLC acquired a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. Institutional investors and hedge funds own 7.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SOBR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, July 29th. Wall Street Zen upgraded SOBR Safe to a “sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.