SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 186.4% in May

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 320,771 shares, an increase of 186.4% from the April 30th total of 112,002 shares. Currently, 11.4% of the shares of the company are sold short. Based on an average daily trading volume, of 36,654,941 shares, the short-interest ratio is presently 0.0 days.

SOBR Safe Stock Performance

SOBR opened at $1.14 on Monday. SOBR Safe has a one year low of $0.48 and a one year high of $5.29. The stock’s fifty day moving average is $0.92 and its 200-day moving average is $1.27. The company has a market capitalization of $3.20 million, a PE ratio of -0.20 and a beta of 1.18.

SOBR Safe (NASDAQ:SOBR) last posted its quarterly earnings data on Friday, April 10th. The company reported ($1.91) EPS for the quarter. SOBR Safe had a negative return on equity of 172.71% and a negative net margin of 2,166.28%.The firm had revenue of $0.14 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 bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned about 1.27% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings raised SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

SOBR Safe Company Profile

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.