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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC acquired a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned 1.27% 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 stock opened at $1.29 on Friday. The firm has a market cap of $1.96 million, a price-to-earnings ratio of -0.01 and a beta of 0.59. The stock’s 50-day moving average is $1.74 and its two-hundred day moving average is $2.81. SOBR Safe has a 1 year low of $1.13 and a 1 year high of $14.20.

SOBR Safe (NASDAQ:SOBR) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($1.44) EPS for the quarter. The business had revenue of $0.11 million during the quarter. SOBR Safe had a negative net margin of 2,265.66% and a negative return on equity of 93.26%.

Wall Street Analysts Forecast Growth

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