Short Interest in SOBR Safe, Inc. (NASDAQ:SOBR) Declines By 38.4%

SOBR Safe, Inc. (NASDAQ:SOBR) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 53,200 shares, a decrease of 38.4% from the March 31st total of 86,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 124,700 shares, the days-to-cover ratio is presently 0.4 days.

SOBR Safe Stock Performance

SOBR traded up $0.02 during mid-day trading on Monday, reaching $0.31. The stock had a trading volume of 65,093 shares, compared to its average volume of 112,190. The firm’s fifty day simple moving average is $0.45 and its two-hundred day simple moving average is $0.55. SOBR Safe has a 52 week low of $0.20 and a 52 week high of $2.33. The company has a quick ratio of 1.99, a current ratio of 2.21 and a debt-to-equity ratio of 1.16.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings results on Friday, March 29th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $0.04 million for the quarter. SOBR Safe had a negative net margin of 6,465.19% and a negative return on equity of 207.13%.

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 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.