Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Drops By 94.3%

SOBR Safe, Inc. (NASDAQ:SOBR) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,600 shares, a decline of 94.3% from the March 15th total of 81,100 shares. Based on an average daily trading volume, of 497,500 shares, the short-interest ratio is currently 0.0 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On SOBR Safe

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) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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. Institutional investors own 7.93% of the company’s stock.

SOBR Safe Stock Down 10.5 %

NASDAQ:SOBR traded down $0.48 during trading hours on Tuesday, hitting $4.11. 21,623 shares of the company traded hands, compared to its average volume of 466,975. SOBR Safe has a one year low of $2.40 and a one year high of $879.45. The company has a market cap of $378,120.00, a PE ratio of -0.08 and a beta of 0.90. The firm’s 50-day simple moving average is $6.79 and its 200-day simple moving average is $26.75.

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.