Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Decreases By 49.7%

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 125,300 shares, a decrease of 49.7% from the May 31st total of 249,297 shares. Based on an average daily volume of 290,049 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.5% of the shares of the company are short sold.

Institutional Investors Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC acquired a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned approximately 1.27% of SOBR Safe at the end of the most recent reporting period. Institutional investors own 7.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

SOBR Safe Price Performance

Shares of NASDAQ SOBR traded down $0.01 during trading on Thursday, hitting $0.72. 15,353 shares of the company were exchanged, compared to its average volume of 3,531,205. The company has a market cap of $2.04 million, a price-to-earnings ratio of -0.13 and a beta of 1.20. SOBR Safe has a 1 year low of $0.47 and a 1 year high of $5.29. The firm’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.11.

SOBR Safe (NASDAQ:SOBR) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.82) earnings per share (EPS) for the quarter. The company had revenue of $0.08 million during the quarter. SOBR Safe had a negative net margin of 2,166.28% and a negative return on equity of 172.71%.

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.