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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 253,900 shares, an increase of 117.4% from the February 13th total of 116,800 shares. Currently, 62.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,590,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers acquired a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned about 7.72% of SOBR Safe at the end of the most recent reporting period. 7.93% of the stock is owned by institutional investors.

SOBR Safe Price Performance

Shares of SOBR traded up $0.03 during mid-day trading on Friday, reaching $0.64. 349,943 shares of the company’s stock were exchanged, compared to its average volume of 1,349,729. The business’s fifty day simple moving average is $0.89 and its 200-day simple moving average is $2.59. The stock has a market capitalization of $585,838.80, a PE ratio of -0.01 and a beta of 0.82. SOBR Safe has a 52-week low of $0.40 and a 52-week high of $87.95.

About SOBR Safe

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.