SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Down 65.7% in February

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 25,511 shares, a decline of 65.7% from the January 29th total of 74,367 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 225,559 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 225,559 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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. 7.93% of the stock is owned by institutional investors and hedge funds.

SOBR Safe Stock Performance

SOBR stock opened at $0.82 on Friday. The business has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $2.40. The company has a market capitalization of $1.24 million, a P/E ratio of -0.01 and a beta of 0.61. SOBR Safe has a 52-week low of $0.66 and a 52-week high of $9.60.

Analyst Upgrades and Downgrades

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