Short Interest in American Rebel Holdings, Inc. (NASDAQ:AREB) Increases By 159.4%

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 182,100 shares, an increase of 159.4% from the October 15th total of 70,200 shares. Approximately 17.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 712,000 shares, the days-to-cover ratio is currently 0.3 days.

American Rebel Stock Performance

Shares of AREB stock opened at $2.69 on Friday. American Rebel has a twelve month low of $1.90 and a twelve month high of $9.27. The business has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $0.98.

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

Hedge Funds Weigh In On American Rebel

A hedge fund recently bought a new stake in American Rebel stock. Cross Staff Investments Inc acquired a new position in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 556,556 shares of the company’s stock, valued at approximately $445,000. Cross Staff Investments Inc owned about 9.36% of American Rebel at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.60% of the company’s stock.

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.