SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Up 15.1% in April

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 28,408 shares, a growth of 15.1% from the March 31st total of 24,684 shares. Based on an average daily volume of 109,555 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SOBR Safe in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SOBR Safe presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

SOBR Safe Trading Up 2.1%

Shares of NASDAQ:SOBR opened at $0.55 on Friday. The company has a 50-day moving average price of $0.68 and a 200-day moving average price of $1.55. The company has a market cap of $1.53 million, a price-to-earnings ratio of -0.09 and a beta of 0.73. SOBR Safe has a 12 month low of $0.48 and a 12 month high of $5.29.

SOBR Safe (NASDAQ:SOBR) last posted its earnings results on Thursday, April 30th. The company reported ($0.82) earnings per share (EPS) for the quarter. SOBR Safe had a negative return on equity of 116.76% and a negative net margin of 2,032.19%.The business had revenue of $0.08 million during the quarter.

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.