SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Down 55.2% in September

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,900 shares, a decrease of 55.2% from the September 15th total of 15,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 53,100 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 53,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

SOBR Safe Stock Down 2.6%

NASDAQ SOBR opened at $3.36 on Wednesday. The company has a market capitalization of $5.11 million, a price-to-earnings ratio of -0.02 and a beta of 0.57. SOBR Safe has a twelve month low of $2.40 and a twelve month high of $108.00. The stock has a fifty day simple moving average of $3.41 and a 200 day simple moving average of $3.54.

SOBR Safe (NASDAQ:SOBR) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($1.32) earnings per share for the quarter. The company 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%.

Analysts Set New Price Targets

SOBR has been the subject of a number of research analyst reports. Wall Street Zen cut SOBR Safe from a “hold” rating to a “sell” rating in a report on Sunday, July 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SOBR Safe has a consensus rating of “Sell”.

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.