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

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 74,367 shares, a drop of 66.5% from the January 15th total of 222,292 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 266,131 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 266,131 shares, the short-interest ratio is currently 0.3 days. Approximately 4.9% of the company’s shares are short sold.

SOBR Safe Stock Down 0.3%

SOBR Safe stock opened at $0.87 on Wednesday. SOBR Safe has a 52-week low of $0.83 and a 52-week high of $14.20. The firm has a market cap of $1.33 million, a PE ratio of -0.01 and a beta of 0.61. The company’s 50 day moving average is $1.66 and its two-hundred day moving average is $2.63.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SOBR Safe in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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 position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the third quarter, according to its most recent Form 13F 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 approximately 1.27% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.93% of the company’s stock.

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.