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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 125,300 shares, a drop of 49.7% from the May 31st total of 249,297 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily trading volume, of 290,049 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the 4th quarter, according to the company in its most recent 13F filing 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.93% of the company’s stock.

SOBR Safe Stock Performance

Shares of SOBR Safe stock traded down $0.00 on Wednesday, reaching $0.73. The stock had a trading volume of 23,214 shares, compared to its average volume of 3,559,549. The business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.12. SOBR Safe has a fifty-two week low of $0.47 and a fifty-two week high of $5.29. The stock has a market cap of $2.06 million, a P/E ratio of -0.13 and a beta of 1.19.

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

Analyst Ratings Changes

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