Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Declines By 30.5%

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 32,100 shares, adecreaseof30.5% from the July 31st total of 46,200 shares. Approximately2.7% of the shares of the company are short sold. Based on an average trading volume of 599,800 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 599,800 shares, the short-interest ratio is currently 0.1 days. Approximately2.7% of the shares of the company are short sold.

SOBR Safe Stock Performance

SOBR Safe stock opened at $3.30 on Monday. The firm has a market cap of $5.02 million, a P/E ratio of -0.02 and a beta of 0.53. The business’s fifty day moving average is $3.66 and its two-hundred day moving average is $4.17. SOBR Safe has a 52 week low of $2.40 and a 52 week high of $193.50.

SOBR Safe (NASDAQ:SOBR) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($1.32) EPS for the quarter. The firm had revenue of $0.10 million during the quarter. SOBR Safe had a negative net margin of 2,624.92% and a negative return on equity of 100.53%.

Institutional Trading of SOBR Safe

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered SOBR Safe from a “hold” rating to a “sell” rating in a research note on Sunday, July 20th.

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.