American Rebel Holdings, Inc. (NASDAQ:AREB) Sees Large Growth in Short Interest

American Rebel Holdings, Inc. (NASDAQ:AREB) was the recipient of a significant increase in short interest in the month of 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. Currently, 6.6% of the company’s stock are short sold. Based on an average daily volume of 168,800 shares, the short-interest ratio is presently 0.4 days.

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 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 556,556 shares of the company’s stock, valued at approximately $445,000. Cross Staff Investments Inc owned approximately 9.36% of American Rebel as of its most recent filing with the SEC. 13.60% of the stock is currently owned by institutional investors.

American Rebel Stock Performance

Shares of NASDAQ AREB opened at $2.67 on Friday. The stock’s 50-day moving average is $1.32 and its two-hundred day moving average is $0.75. American Rebel has a 1-year low of $1.90 and a 1-year high of $9.27.

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

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.