SOBR Safe, Inc. (NASDAQ:SOBR) Sees Large Decline in Short Interest

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

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned 7.72% of SOBR Safe as of its most recent filing with the SEC. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

SOBR Safe Stock Down 5.0 %

SOBR Safe stock opened at $0.56 on Thursday. The company has a market capitalization of $516,320.00, a PE ratio of -0.01 and a beta of 0.82. The firm’s fifty day moving average is $0.82 and its 200 day moving average is $2.64. SOBR Safe has a 12-month low of $0.40 and a 12-month 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.