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

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 54,100 shares, a growth of 41.3% from the December 15th total of 38,300 shares. Based on an average daily trading volume, of 813,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On American Rebel

A hedge fund recently bought a new stake in American Rebel stock. Cross Staff Investments Inc purchased a new stake in American Rebel Holdings, Inc. (NASDAQ:AREB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. Institutional investors and hedge funds own 13.60% of the company’s stock.

American Rebel Price Performance

Shares of AREB stock traded down $0.02 during midday trading on Thursday, reaching $2.06. 301,269 shares of the company traded hands, compared to its average volume of 1,051,425. The firm’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $1.48. American Rebel has a 1-year low of $1.51 and a 1-year high of $9.27.

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.