SOBR Safe, Inc. (NASDAQ:SOBR) Sees Large Increase in Short Interest

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 253,900 shares, an increase of 117.4% from the February 13th total of 116,800 shares. Based on an average daily volume of 4,590,000 shares, the short-interest ratio is presently 0.1 days. Approximately 62.4% of the company’s shares are sold short.

SOBR Safe Trading Up 4.4 %

NASDAQ:SOBR opened at $0.64 on Friday. SOBR Safe has a 12 month low of $0.40 and a 12 month high of $87.95. The stock has a market cap of $585,838.80, a price-to-earnings ratio of -0.01 and a beta of 0.82. The company has a 50-day moving average price of $0.88 and a 200-day moving average price of $2.61.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned approximately 7.72% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by institutional investors.

About SOBR Safe

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 provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band.