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

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

Hedge Funds Weigh In On SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers acquired a new position 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 and Exchange Commission (SEC). The institutional investor acquired 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 quarter. 7.93% of the stock is currently owned by institutional investors and hedge funds.

SOBR Safe Stock Down 10.5 %

NASDAQ:SOBR traded down $0.48 on Tuesday, hitting $4.11. The stock had a trading volume of 21,623 shares, compared to its average volume of 466,975. SOBR Safe has a 52 week low of $2.40 and a 52 week high of $879.45. The business’s fifty day moving average is $6.79 and its 200 day moving average is $26.75. The company has a market cap of $378,120.00, a PE ratio of -0.08 and a beta of 0.90.

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.