Short Interest in American Rebel Holdings, Inc. (NASDAQ:AREB) Rises By 263.7%

American Rebel Holdings, Inc. (NASDAQ:AREB) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 70,200 shares, an increase of 263.7% from the September 30th total of 19,300 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average daily trading volume, of 168,800 shares, the short-interest ratio is currently 0.4 days.

American Rebel Price Performance

Shares of American Rebel stock traded up $0.06 during mid-day trading on Friday, hitting $2.68. 16,365 shares of the stock were exchanged, compared to its average volume of 367,900. American Rebel has a 12 month low of $1.90 and a 12 month high of $9.27. The company has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $0.75.

American Rebel (NASDAQ:AREB) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.89) EPS for the quarter. The business had revenue of $3.26 million for the quarter. American Rebel had a negative return on equity of 260.38% and a negative net margin of 118.01%.

Hedge Funds Weigh In On American Rebel

An institutional investor recently bought a new position in American Rebel stock. Cross Staff Investments Inc acquired a new position in American Rebel Holdings, Inc. (NASDAQ:AREB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 556,556 shares of the company’s stock, valued at approximately $445,000. Cross Staff Investments Inc owned 9.36% of American Rebel as of its most recent filing with the Securities & Exchange Commission. 13.60% of the stock is currently owned by institutional investors and hedge funds.

American Rebel Company Profile

American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company's safes are offered in various sizes and shapes for home, office, and personal use, as well as provides vault doors, handgun vaults, and inventory control safes under the American Rebel brand.