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

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 112,002 shares, a growth of 294.3% from the April 15th total of 28,408 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,427,511 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

SOBR Safe Price Performance

Shares of SOBR Safe stock traded down $0.05 during trading on Wednesday, hitting $1.79. 3,127,710 shares of the stock were exchanged, compared to its average volume of 20,907,696. The firm’s 50-day moving average price is $0.80 and its 200 day moving average price is $1.43. SOBR Safe has a 12-month low of $0.48 and a 12-month high of $5.29.

SOBR Safe (NASDAQ:SOBR) last announced its quarterly earnings results on Friday, April 10th. The company reported ($1.91) earnings per share for the quarter. SOBR Safe had a negative net margin of 2,166.28% and a negative return on equity of 172.71%. The company had revenue of $0.14 million during the quarter.

Institutional Investors Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd acquired a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 1.04% of SOBR Safe at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.93% of the company’s stock.

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.