American Rebel Holdings, Inc. (NASDAQ:AREB) Short Interest Down 82.6% in March

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 79,400 shares, a decrease of 82.6% from the March 15th total of 456,600 shares. Based on an average trading volume of 2,860,000 shares, the short-interest ratio is currently 0.0 days. Currently, 13.3% of the shares of the stock are sold short.

American Rebel Stock Down 9.3 %

NASDAQ AREB traded down $0.73 on Wednesday, reaching $7.08. 488,817 shares of the company’s stock traded hands, compared to its average volume of 973,915. American Rebel has a 12 month low of $1.10 and a 12 month high of $231.75. The stock has a 50-day simple moving average of $12.04 and a 200 day simple moving average of $39.19.

American Rebel (NASDAQ:AREB) last released its earnings results on Friday, February 7th. The company reported ($16.75) EPS for the quarter. American Rebel had a negative net margin of 111.30% and a negative return on equity of 772.51%.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt sold 181,652 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $13.31, for a total value of $2,417,788.12. Following the transaction, the insider now owns 9,994 shares of the company’s stock, valued at $133,020.14. This represents a 94.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 91.56% of the stock is currently owned by insiders.

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.