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

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 25,511 shares, a drop of 65.7% from the January 29th total of 74,367 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 225,559 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 225,559 shares, the short-interest ratio is currently 0.1 days. Currently, 1.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SOBR Safe in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd bought a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

SOBR Safe Stock Up 8.0%

NASDAQ:SOBR opened at $0.81 on Thursday. SOBR Safe has a 52 week low of $0.66 and a 52 week high of $9.60. The stock has a market capitalization of $1.23 million, a PE ratio of -0.01 and a beta of 0.61. The stock’s 50-day moving average price is $1.46 and its 200-day moving average price is $2.41.

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.