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

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large decline in short interest during the month of 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 shares of the company are short sold. Based on an average trading volume of 2,125,864 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd acquired a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 1.04% of SOBR Safe at the end of the most recent reporting period. Institutional investors own 7.93% of the company’s stock.

SOBR Safe Price Performance

SOBR Safe stock traded down $0.02 during midday trading on Friday, hitting $0.56. The company’s stock had a trading volume of 258,770 shares, compared to its average volume of 6,114,166. SOBR Safe has a 1-year low of $0.35 and a 1-year high of $3.97. The company has a 50-day moving average price of $0.77 and a two-hundred day moving average price of $0.86. The company has a market cap of $1.58 million, a price-to-earnings ratio of -0.10 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded SOBR Safe to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.