SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Update

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

SOBR Safe Trading Up 6.6%

Shares of SOBR Safe stock traded up $0.14 on Wednesday, reaching $2.26. The stock had a trading volume of 145,170 shares, compared to its average volume of 918,521. The business’s 50 day moving average is $2.21 and its two-hundred day moving average is $3.05. SOBR Safe has a 1 year low of $1.27 and a 1 year high of $14.20. The company has a market cap of $3.43 million, a P/E ratio of -0.02 and a beta of 0.66.

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

Hedge Funds Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC purchased a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 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 quarter. 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.