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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 116,800 shares, a drop of 53.3% from the January 31st total of 250,200 shares. Based on an average trading volume of 4,090,000 shares, the short-interest ratio is currently 0.0 days. Currently, 28.7% of the shares of the company are short sold.

SOBR Safe Stock Down 8.4 %

Shares of SOBR stock traded down $0.07 on Friday, reaching $0.76. The stock had a trading volume of 1,793,604 shares, compared to its average volume of 4,755,680. SOBR Safe has a 12 month low of $0.71 and a 12 month high of $87.95. The firm has a market capitalization of $700,720.00, a price-to-earnings ratio of -0.01 and a beta of 0.63. The firm’s 50-day moving average is $0.98 and its two-hundred day moving average is $2.56.

Institutional Trading of SOBR Safe

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

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.