SOBR Safe, Inc. (NASDAQ:SOBR) Sees Large Growth in Short Interest

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 573,556 shares, a growth of 30,007.9% from the December 15th total of 1,905 shares. Currently, 37.9% of the shares of the stock are sold short. Based on an average daily volume of 13,539,205 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 13,539,205 shares, the days-to-cover ratio is currently 0.0 days. Currently, 37.9% of the shares of the stock are sold short.

SOBR Safe Price Performance

SOBR Safe stock traded down $0.11 during trading hours on Monday, reaching $1.66. The company had a trading volume of 81,550 shares, compared to its average volume of 173,604. SOBR Safe has a 12-month low of $1.27 and a 12-month high of $14.20. The company has a 50-day moving average price of $2.01 and a 200 day moving average price of $3.00. The firm has a market cap of $2.52 million, a price-to-earnings ratio of -0.01 and a beta of 0.59.

SOBR Safe (NASDAQ:SOBR) last issued its earnings results on Wednesday, November 12th. The company reported ($1.44) earnings per share (EPS) 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 during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC acquired a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned about 1.27% of SOBR Safe as of its most recent filing with the SEC. 7.93% of the stock is currently owned by institutional investors and hedge funds.

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.