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

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 223,100 shares, a decline of 18.4% from the August 15th total of 273,500 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average daily volume of 8,300,000 shares, the days-to-cover ratio is presently 0.0 days.

American Rebel Stock Performance

AREB stock remained flat at $0.50 during trading on Friday. The company had a trading volume of 477,426 shares, compared to its average volume of 3,390,824. The business’s fifty day simple moving average is $0.56 and its 200 day simple moving average is $0.42. American Rebel has a fifty-two week low of $0.21 and a fifty-two week high of $1.03.

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. American Rebel had a negative return on equity of 260.38% and a negative net margin of 118.01%. The firm had revenue of $3.26 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Rebel stock. Armistice Capital LLC increased its position in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) by 144.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 436,000 shares of the company’s stock after buying an additional 258,000 shares during the quarter. Armistice Capital LLC owned about 8.69% of American Rebel worth $135,000 at the end of the most recent quarter. 13.60% of the stock is owned by 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.