Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Grows By 117.4%

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant increase in short interest in 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. Approximately 62.4% of the shares of the stock are short sold. Based on an average daily volume of 4,590,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers bought a new stake in SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned approximately 7.72% of SOBR Safe at the end of the most recent quarter. Institutional investors and hedge funds own 7.93% of the company’s stock.

SOBR Safe Stock Performance

SOBR Safe stock opened at $0.61 on Friday. The firm has a market capitalization of $561,405.80, 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. The stock’s fifty day moving average is $0.89 and its two-hundred day moving average is $2.59.

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.