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

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 150,111 shares, a drop of 88.9% from the July 15th total of 1,350,311 shares. Based on an average daily trading volume, of 2,125,864 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.4% of the shares of the company are sold short.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new position in SOBR Safe stock. XTX Topco Ltd purchased 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 and Exchange Commission (SEC). The firm purchased 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 owned by institutional investors.

SOBR Safe Trading Up 4.1%

SOBR Safe stock traded up $0.02 on Thursday, hitting $0.58. The company’s stock had a trading volume of 129,373 shares, compared to its average volume of 1,494,512. SOBR Safe has a one year low of $0.35 and a one year high of $3.97. The company has a fifty day moving average price of $0.77 and a 200-day moving average price of $0.86.

Analyst Upgrades and Downgrades

SOBR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, July 29th. Wall Street Zen raised SOBR Safe to a “sell” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.