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

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 34,500 shares, a drop of 33.7% from the November 15th total of 52,000 shares. Based on an average trading volume of 718,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.2% of the shares of the company are short sold.

Institutional Investors 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) during the third quarter, according to its most recent disclosure with the 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 at the end of the most recent quarter. Institutional investors own 13.60% of the company’s stock.

American Rebel Stock Performance

NASDAQ AREB traded down $0.04 during mid-day trading on Friday, reaching $1.69. 30,576 shares of the stock were exchanged, compared to its average volume of 471,452. The business’s 50 day moving average is $2.43 and its 200-day moving average is $1.23. American Rebel has a 1 year low of $1.60 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.