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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 88,059 shares, a decline of 38.5% from the August 15th total of 143,248 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 205,886 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

SOBR has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of SOBR Safe in a research note on Wednesday, July 29th. Wall Street Zen upgraded SOBR Safe to a “sell” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SOBR Safe presently has a consensus rating of “Sell”.

SOBR Safe Price Performance

SOBR stock traded down $0.00 on Thursday, reaching $0.15. The company’s stock had a trading volume of 168,414 shares, compared to its average volume of 5,368,015. SOBR Safe has a 52 week low of $0.07 and a 52 week high of $3.97. The company has a market capitalization of $795,025.00, a P/E ratio of -0.03 and a beta of 1.22. The firm has a fifty day moving average of $0.59 and a two-hundred day moving average of $0.78.

SOBR Safe (NASDAQ:SOBR) last announced its earnings results on Friday, August 14th. The company reported ($1.08) earnings per share for the quarter, beating the consensus estimate of ($220.00) by $218.92. The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.53 million. SOBR Safe had a negative return on equity of 314.39% and a negative net margin of 2,924.23%.

About SOBR Safe

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.