American Rebel Holdings, Inc. (NASDAQ:AREB) Short Interest Update

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

American Rebel Stock Down 9.3 %

NASDAQ AREB opened at $2.91 on Wednesday. American Rebel has a twelve month low of $1.90 and a twelve month high of $9.27. The business has a 50-day moving average price of $1.87 and a 200-day moving average price of $0.97.

American Rebel (NASDAQ:AREB) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.89) earnings per share for the quarter. The business had revenue of $3.26 million during 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

A hedge fund recently bought a new stake in American Rebel stock. Cross Staff Investments Inc bought a new position in American Rebel Holdings, Inc. (NASDAQ:AREB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 quarter. 13.60% of the stock is currently owned by hedge funds and other institutional investors.

About American Rebel

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.