Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Increases By 35.8%

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 30,974 shares, an increase of 35.8% from the February 26th total of 22,802 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 144,517 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd bought a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by institutional investors.

SOBR Safe Trading Down 13.6%

SOBR stock traded down $0.11 during trading on Friday, reaching $0.69. 477,500 shares of the stock were exchanged, compared to its average volume of 131,928. SOBR Safe has a twelve month low of $0.58 and a twelve month high of $7.70. The company has a market capitalization of $1.05 million, a P/E ratio of 0.00 and a beta of 0.65. The stock has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $2.01.

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.