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

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant decrease in short interest in 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 stock are sold short. Based on an average daily volume of 4,540,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned about 7.72% of SOBR Safe as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.93% of the company’s stock.

SOBR Safe Stock Performance

Shares of NASDAQ:SOBR traded down $0.02 on Friday, reaching $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 simple moving average of $0.81 and a 200 day simple moving average of $2.62. SOBR Safe has a 52-week low of $0.40 and a 52-week high of $87.95. The company has a market cap of $462,844.00, a P/E ratio of -0.01 and a beta of 0.82.

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.