Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 61.2%

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 222,292 shares, a drop of 61.2% from the December 31st total of 573,556 shares. Approximately 14.7% of the company’s stock are short sold. Based on an average trading volume of 141,199 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 141,199 shares, the days-to-cover ratio is currently 1.6 days. Approximately 14.7% of the company’s stock are short sold.

SOBR Safe Stock Performance

Shares of SOBR stock traded down $0.08 during trading hours on Thursday, reaching $1.20. The company had a trading volume of 82,400 shares, compared to its average volume of 205,060. SOBR Safe has a 12-month low of $1.18 and a 12-month high of $14.20. The company has a market capitalization of $1.82 million, a price-to-earnings ratio of -0.01 and a beta of 0.59. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $2.85.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($1.44) 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 company had revenue of $0.11 million during the quarter.

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC bought a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 7.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SOBR Safe presently 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.