SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Down 31.7% in December

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,905 shares, a decrease of 31.7% from the November 30th total of 2,790 shares. Based on an average daily volume of 100,033 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 100,033 shares, the short-interest ratio is presently 0.0 days.

SOBR Safe Stock Up 0.7%

NASDAQ:SOBR traded up $0.02 during trading hours on Monday, hitting $2.22. 640,662 shares of the company’s stock traded hands, compared to its average volume of 916,325. SOBR Safe has a 52 week low of $1.27 and a 52 week high of $14.20. The business’s fifty day simple moving average is $2.26 and its two-hundred day simple moving average is $3.07. The firm has a market cap of $3.37 million, a P/E ratio of -0.02 and a beta of 0.66.

SOBR Safe (NASDAQ:SOBR) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($1.44) EPS for the quarter. SOBR Safe had a negative return on equity of 93.26% and a negative net margin of 2,265.66%.The company had revenue of $0.11 million during the quarter.

Institutional Investors Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Citadel Advisors LLC purchased a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned approximately 1.27% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SOBR Safe currently has an average rating of “Sell”.

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.