SOBR Safe, Inc. (NASDAQ:SOBR) Short Interest Update

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large decrease in short interest in 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. Approximately 19.9% of the shares of the company are short sold. Based on an average daily volume of 4,540,000 shares, the short-interest ratio is currently 0.0 days.

SOBR Safe Stock Down 7.5 %

NASDAQ SOBR traded down $0.04 during midday trading 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 firm has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $2.62. The stock has a market cap of $441,453.60, a price-to-earnings ratio of -0.01 and a beta of 0.82. SOBR Safe has a fifty-two week low of $0.40 and a fifty-two week high of $87.95.

Hedge Funds Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers acquired a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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. 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.