SOBR Safe, Inc. (NASDAQ:SOBR – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 150,111 shares, a decrease of 88.9% from the July 15th total of 1,350,311 shares. Approximately 5.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,125,864 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on SOBR. Wall Street Zen upgraded SOBR Safe to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Research Report on SOBR Safe
Institutional Inflows and Outflows
SOBR Safe Stock Performance
SOBR Safe stock traded down $0.03 during midday trading on Wednesday, reaching $0.57. The stock had a trading volume of 172,279 shares, compared to its average volume of 6,191,278. The stock’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $0.88. SOBR Safe has a twelve month low of $0.35 and a twelve month high of $3.97. The stock has a market capitalization of $1.61 million, a PE ratio of -0.10 and a beta of 1.23.
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.
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