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

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 81,100 shares, a drop of 68.1% from the February 28th total of 253,900 shares. Based on an average trading volume of 4,540,000 shares, the short-interest ratio is presently 0.0 days. Currently, 19.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 Stock Performance

SOBR Safe stock traded down $0.02 during mid-day trading on Friday, hitting $0.50. The company’s stock had a trading volume of 35,544 shares, compared to its average volume of 1,361,814. The company has a 50 day moving average of $0.81 and a 200-day moving average of $2.62. SOBR Safe has a one year low of $0.40 and a one year high of $87.95. The stock has a market cap of $462,844.00, a PE ratio of -0.01 and a beta of 0.82.

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.