American Rebel Holdings, Inc. (NASDAQ:AREB) Sees Significant Increase in Short Interest

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a large increase in short interest in 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. Approximately 6.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 168,800 shares, the short-interest ratio is presently 0.4 days.

American Rebel Stock Performance

NASDAQ:AREB traded up $0.06 during mid-day trading on Friday, reaching $2.68. The stock had a trading volume of 7,712 shares, compared to its average volume of 367,858. The firm has a 50 day moving average price of $1.27 and a two-hundred day moving average price of $0.73. American Rebel has a one year low of $1.90 and a one year high of $9.27.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in American Rebel stock. Cross Staff Investments Inc bought a new stake in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 556,556 shares of the company’s stock, valued at approximately $445,000. Cross Staff Investments Inc owned 9.36% of American Rebel at the end of the most recent reporting period. 13.60% of the stock is currently owned by institutional investors.

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.