American Rebel Holdings, Inc. (NASDAQ:AREB) Short Interest Down 83.7% in March
by Amy Steele · The Cerbat GemAmerican Rebel Holdings, Inc. (NASDAQ:AREB – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 37,648 shares, a decline of 83.7% from the March 15th total of 230,797 shares. Approximately 75.3% of the company’s shares are sold short. Based on an average daily trading volume, of 18,205 shares, the days-to-cover ratio is presently 2.1 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Rebel in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, American Rebel currently has an average rating of “Sell”.
View Our Latest Stock Report on AREB
Hedge Funds Weigh In On American Rebel
An institutional investor recently bought a new position in American Rebel stock. CWA Asset Management Group LLC bought a new stake in shares of American Rebel Holdings, Inc. (NASDAQ:AREB – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $95,000. CWA Asset Management Group LLC owned 17.86% of American Rebel at the end of the most recent reporting period. 13.60% of the stock is owned by institutional investors and hedge funds.
American Rebel Stock Up 6,914.1%
Shares of AREB traded up $6.37 during trading on Friday, reaching $6.46. 74,926 shares of the company traded hands, compared to its average volume of 3,893,626. American Rebel has a twelve month low of $0.06 and a twelve month high of $8,356.00. The stock has a market cap of $67.40 million, a PE ratio of 0.00 and a beta of 1.39. The stock has a 50-day simple moving average of $41.26 and a 200-day simple moving average of $4,533.69.
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. It also offers accessories, such as back-over and back-under handgun hangers, ballistic shields, safe light kits, mag minders, moisture guards, and rifle rod kits and rods. In addition, the company's personal security and self-defense products include concealed carry backpacks; and concealed carry jackets, vests, and coats, as well as T-shirts for men and women under the American Rebel brand.