Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 49.7%

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 125,300 shares, a decrease of 49.7% from the May 31st total of 249,297 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 290,049 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Price Performance

Shares of NASDAQ:SOBR traded up $0.04 during trading on Tuesday, reaching $0.72. 613 shares of the stock were exchanged, compared to its average volume of 3,617,116. SOBR Safe has a 1-year low of $0.47 and a 1-year high of $5.29. The stock has a fifty day moving average of $1.03 and a two-hundred day moving average of $1.13. The firm has a market cap of $2.03 million, a price-to-earnings ratio of -0.13 and a beta of 1.18.

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

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.