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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 112,002 shares, an increase of 294.3% from the April 15th total of 28,408 shares. Based on an average trading volume of 1,427,511 shares, the short-interest ratio is currently 0.1 days. Approximately 4.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 MarketBeat.com, the company presently has an average rating of “Sell”.

SOBR Safe Price Performance

NASDAQ:SOBR traded down $0.05 on Wednesday, reaching $1.79. 3,127,710 shares of the company’s stock traded hands, compared to its average volume of 20,907,696. SOBR Safe has a 12 month low of $0.48 and a 12 month high of $5.29. The stock has a 50-day simple moving average of $0.80 and a 200-day simple moving average of $1.43.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings data on Friday, April 10th. The company reported ($1.91) earnings per share 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 $0.14 million for the quarter.

Hedge Funds Weigh In On SOBR Safe

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) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC). 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.