SOBR Safe, Inc. (NASDAQ:SOBR) Sees Large Growth in Short Interest

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded SOBR Safe from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One equities research 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

A hedge fund recently bought a new stake in SOBR Safe stock. XTX Topco Ltd acquired a new position 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 fund acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 1.04% of SOBR Safe as of its most recent SEC filing. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Stock Performance

SOBR Safe stock traded down $0.10 during midday trading on Friday, reaching $1.14. 146,402 shares of the company’s stock were exchanged, compared to its average volume of 20,408,742. SOBR Safe has a 52 week low of $0.48 and a 52 week high of $5.29. The firm has a market cap of $3.20 million, a price-to-earnings ratio of -0.20 and a beta of 0.81. The stock’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.28.

SOBR Safe (NASDAQ:SOBR) last posted its quarterly earnings results 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 business had revenue of $0.14 million for 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.