SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 3,686.2% in July

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,350,311 shares, a growth of 3,686.2% from the June 30th total of 35,664 shares. Approximately 48.2% of the shares of the stock are short sold. Based on an average daily volume of 47,203,555 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 filing with the Securities & Exchange Commission. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Stock Down 12.6%

Shares of SOBR stock traded down $0.09 on Friday, reaching $0.60. The company’s stock had a trading volume of 371,469 shares, compared to its average volume of 6,722,659. The company has a market capitalization of $1.67 million, a P/E ratio of -0.11 and a beta of 1.20. SOBR Safe has a 12-month low of $0.35 and a 12-month high of $4.39. The stock’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $1.01.

SOBR Safe (NASDAQ:SOBR) last announced its earnings results on Thursday, April 30th. The company reported ($0.82) earnings per share for the quarter. The business had revenue of $0.08 million during the quarter. SOBR Safe had a negative return on equity of 172.71% and a negative net margin of 2,166.28%.

Analysts Set New Price Targets

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