Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 31.7%

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 1,905 shares, a drop of 31.7% from the November 30th total of 2,790 shares. Based on an average trading volume of 100,033 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 100,033 shares, the days-to-cover ratio is currently 0.0 days.

SOBR Safe Stock Performance

Shares of SOBR Safe stock traded up $0.02 on Monday, reaching $2.22. 640,662 shares of the company’s stock were exchanged, compared to its average volume of 916,325. The firm’s 50-day moving average is $2.26 and its two-hundred day moving average is $3.07. SOBR Safe has a 52 week low of $1.27 and a 52 week high of $14.20. The company has a market capitalization of $3.37 million, a P/E ratio of -0.02 and a beta of 0.66.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 owned by institutional investors.

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.