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

by · The Cerbat Gem

SOBR Safe, Inc. (NASDAQ:SOBR – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 351,300 shares, a drop of 83.7% from the May 31st total of 2,160,000 shares. Based on an average trading volume of 9,160,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.5% of the shares of the stock are sold short.

SOBR Safe Stock Performance

Shares of NASDAQ:SOBR traded down $0.01 during midday trading on Friday, reaching $0.15. 3,665,814 shares of the company’s stock were exchanged, compared to its average volume of 5,400,722. The company’s 50 day simple moving average is $0.25 and its two-hundred day simple moving average is $0.41. The firm has a market capitalization of $2.94 million, a PE ratio of -0.24 and a beta of 1.24. SOBR Safe has a 12 month low of $0.13 and a 12 month high of $1.80.

SOBR Safe (NASDAQ:SOBR – Get Free Report) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.21) EPS for the quarter. The business had revenue of $0.05 million for the quarter. SOBR Safe had a negative return on equity of 315.26% and a negative net margin of 6,404.43%.

About SOBR Safe

(Get Free Report)

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 offers SOBRcheck, a stationary identification and alcohol monitoring product; SOBRsure, a transdermal, alcohol-detecting wearable band; and SOBRSafe software platform for non-invasive alcohol detection and identity verification.

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