SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 27.7% in March

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 86,300 shares, a growth of 27.7% from the March 15th total of 67,600 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 117,500 shares, the short-interest ratio is currently 0.7 days.

SOBR Safe Price Performance

Shares of SOBR stock opened at $0.33 on Monday. SOBR Safe has a 1 year low of $0.20 and a 1 year high of $2.33. The firm’s 50 day moving average is $0.54 and its 200-day moving average is $0.60. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 1.16.

Hedge Funds Weigh In On SOBR Safe

A number of large investors have recently modified their holdings of SOBR. Jane Street Group LLC bought a new stake in shares of SOBR Safe during the second quarter worth approximately $33,000. Geode Capital Management LLC bought a new stake in shares of SOBR Safe during the fourth quarter worth approximately $38,000. XTX Topco Ltd bought a new stake in shares of SOBR Safe during the first quarter worth approximately $45,000. State Street Corp raised its stake in shares of SOBR Safe by 118.6% during the first quarter. State Street Corp now owns 24,700 shares of the company’s stock worth $55,000 after buying an additional 13,400 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of SOBR Safe by 608.8% during the third quarter. UBS Group AG now owns 21,881 shares of the company’s stock worth $59,000 after buying an additional 18,794 shares during the last quarter. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Company Profile

SOBR Safe, Inc, a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company offers SOBRcheck, a stationary identification and alcohol monitoring product; SOBRsure, a transdermal, alcohol-detecting wearable band; and SOBRSafe software platform for non-invasive alcohol detection and identity verification.