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

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 125,300 shares, a decline of 49.7% from the May 31st total of 249,297 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 290,049 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

SOBR Safe Price Performance

Shares of SOBR Safe stock traded up $0.04 on Tuesday, hitting $0.72. 613 shares of the company’s stock traded hands, compared to its average volume of 3,617,116. SOBR Safe has a one year low of $0.47 and a one year high of $5.29. The company has a fifty day moving average of $1.03 and a two-hundred day moving average of $1.13. The company has a market capitalization of $2.03 million, a price-to-earnings ratio of -0.13 and a beta of 1.18.

SOBR Safe (NASDAQ:SOBR) last released its earnings results on Friday, April 10th. The company reported ($1.91) EPS for the quarter. SOBR Safe had a negative return on equity of 172.71% and a negative net margin of 2,166.28%.The business had revenue of $0.14 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd purchased a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe at the end of the most recent quarter. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

About SOBR Safe

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.