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

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,350,311 shares, an increase of 3,686.2% from the June 30th total of 35,664 shares. Based on an average trading volume of 47,203,555 shares, the short-interest ratio is presently 0.0 days. Approximately 48.2% of the company’s shares are short sold.

SOBR Safe Trading Down 12.6%

NASDAQ:SOBR opened at $0.60 on Friday. The stock has a 50 day moving average of $0.95 and a 200-day moving average of $1.00. The firm has a market capitalization of $1.67 million, a PE ratio of -0.11 and a beta of 1.20. SOBR Safe has a 52 week low of $0.35 and a 52 week high of $4.39.

SOBR Safe (NASDAQ:SOBR) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.82) earnings per share (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 company had revenue of $0.08 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd purchased a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 1.04% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. 7.93% of the stock is owned by institutional investors.

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.