SOBR Safe, Inc. (NASDAQ:SOBR – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 88,059 shares, a decrease of 38.5% from the August 15th total of 143,248 shares. Based on an average daily volume of 205,886 shares, the short-interest ratio is presently 0.4 days. Currently, 1.6% of the company’s stock are sold short.
Analyst Ratings Changes
SOBR has been the topic of several research reports. Wall Street Zen raised shares of SOBR Safe to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings restated a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
SOBR Safe Stock Down 33.5%
SOBR Safe (NASDAQ:SOBR – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($1.08) EPS for the quarter, beating analysts’ consensus estimates of ($220.00) by $218.92. The company had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.53 million. SOBR Safe had a negative net margin of 2,924.23% and a negative return on equity of 314.39%.
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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