SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 30,007.9% in December

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 573,556 shares, a growth of 30,007.9% from the December 15th total of 1,905 shares. Approximately 37.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,539,205 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 13,539,205 shares, the short-interest ratio is currently 0.0 days. Approximately 37.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On SOBR Safe

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 & Exchange Commission. The fund acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned about 1.27% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 7.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

SOBR Safe Price Performance

NASDAQ:SOBR opened at $1.66 on Tuesday. The company has a market capitalization of $2.52 million, a price-to-earnings ratio of -0.01 and a beta of 0.59. The business has a 50 day moving average of $1.98 and a 200 day moving average of $2.99. SOBR Safe has a 1-year low of $1.27 and a 1-year high of $14.20.

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

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.