Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Increases By 2,727.3%

SOBR Safe, Inc. (NASDAQ:SOBR) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 93,300 shares, a growth of 2,727.3% from the September 30th total of 3,300 shares. Based on an average daily volume of 454,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.8% of the company’s stock are short sold.

SOBR Safe Stock Performance

SOBR stock traded down $0.68 during trading on Friday, reaching $7.32. 82,506 shares of the company traded hands, compared to its average volume of 173,582. The business has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $1.07. SOBR Safe has a 12 month low of $3.70 and a 12 month high of $92.40. The company has a market capitalization of $146.45 million, a price-to-earnings ratio of -11.56 and a beta of 1.11.

SOBR Safe (NASDAQ:SOBR) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.10) EPS for the quarter. SOBR Safe had a negative return on equity of 347.61% and a negative net margin of 5,357.47%. The firm had revenue of $0.05 million for the quarter.

SOBR Safe Company Profile

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.