SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Down 53.3% in February

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 116,800 shares, a decrease of 53.3% from the January 31st total of 250,200 shares. Based on an average daily trading volume, of 4,090,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 28.7% of the shares of the company are short sold.

SOBR Safe Stock Performance

Shares of SOBR stock traded down $0.07 during mid-day trading on Friday, reaching $0.76. 1,793,604 shares of the company’s stock traded hands, compared to its average volume of 4,755,680. The firm has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $2.56. The firm has a market capitalization of $700,720.00, a PE ratio of -0.01 and a beta of 0.63. SOBR Safe has a 12 month low of $0.71 and a 12 month high of $87.95.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned 7.72% of SOBR Safe at the end of the most recent quarter. Hedge funds and other institutional investors own 7.93% of the company’s stock.

SOBR Safe Company Profile

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.