SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 78.8% in May

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 140,900 shares, a growth of 78.8% from the May 15th total of 78,800 shares. Approximately 11.6% of the shares of the company are sold short. Based on an average daily volume of 257,900 shares, the days-to-cover ratio is currently 0.5 days.

SOBR Safe Stock Up 1.4%

Shares of SOBR traded up $0.05 during trading hours on Monday, hitting $3.24. 24,242 shares of the company were exchanged, compared to its average volume of 198,517. The company has a market cap of $297,620.00, a price-to-earnings ratio of -0.06 and a beta of 0.57. SOBR Safe has a fifty-two week low of $2.41 and a fifty-two week high of $263.89. The firm’s fifty day moving average is $3.54 and its 200 day moving average is $9.78.

SOBR Safe (NASDAQ:SOBR) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($1.46) EPS for the quarter. SOBR Safe had a negative net margin of 4,872.83% and a negative return on equity of 414.80%. The firm had revenue of $0.09 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut SOBR Safe from a “hold” rating to a “sell” rating in a research note on Friday, May 30th.

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers acquired a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned approximately 7.72% of SOBR Safe as of its most recent SEC filing. Institutional investors own 7.93% of the company’s stock.

SOBR Safe Company Profile

SOBR Safe, Inc, a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band.