Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Increases By 3,686.2%

SOBR Safe, Inc. (NASDAQ:SOBRGet Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,350,311 shares, a growth of 3,686.2% from the June 30th total of 35,664 shares. Based on an average daily trading volume, of 47,203,555 shares, the short-interest ratio is presently 0.0 days. Currently, 48.2% of the company’s stock are sold short.

SOBR Safe Price Performance

Shares of SOBR stock traded down $0.09 during trading hours on Friday, reaching $0.60. The company had a trading volume of 371,469 shares, compared to its average volume of 6,722,659. The company has a market cap of $1.67 million, a price-to-earnings ratio of -0.11 and a beta of 1.20. SOBR Safe has a 12 month low of $0.35 and a 12 month high of $4.39. The business has a fifty day simple moving average of $0.97 and a 200-day simple moving average of $1.01.

SOBR Safe (NASDAQ:SOBRGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.82) earnings per share for the quarter. The firm had revenue of $0.08 million for the quarter. SOBR Safe had a negative net margin of 2,166.28% and a negative return on equity of 172.71%.

Analyst Ratings Changes

Separately, Weiss Ratings raised SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SOBR Safe presently has a consensus rating of “Sell”.

Get Our Latest Analysis on SOBR

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd acquired a new stake in SOBR Safe, Inc. (NASDAQ:SOBRFree Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe at the end of the most recent quarter. 7.93% of the stock is currently owned by institutional investors.

SOBR Safe Company Profile

(Get Free Report)

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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