SOBR Safe, Inc. (NASDAQ:SOBR) Sees Significant Decrease in Short Interest

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 81,100 shares, a decrease of 68.1% from the February 28th total of 253,900 shares. Currently, 19.9% of the company’s stock are short sold. Based on an average trading volume of 4,540,000 shares, the short-interest ratio is currently 0.0 days.

SOBR Safe Price Performance

SOBR traded down $0.04 on Friday, hitting $0.48. The company had a trading volume of 354,997 shares, compared to its average volume of 1,368,457. The stock has a market cap of $441,453.60, a price-to-earnings ratio of -0.01 and a beta of 0.82. The company’s fifty day moving average price is $0.80 and its 200 day moving average price is $2.62. SOBR Safe has a 1-year low of $0.40 and a 1-year high of $87.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned about 7.72% of SOBR Safe as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.