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

Posted by Adam Masters on Sep 15th, 2024

American Rebel Holdings, Inc. (NASDAQ:AREB – Get Free Report) was the recipient of 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. Approximately 3.9% of the company’s shares are short sold. Based on an average daily trading volume, of 8,300,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Rebel stock. Armistice Capital LLC grew its holdings in American Rebel Holdings, Inc. (NASDAQ:AREB – Free Report) by 144.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,000 shares of the company’s stock after purchasing an additional 258,000 shares during the quarter. Armistice Capital LLC owned about 8.69% of American Rebel worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 13.60% of the company’s stock.

American Rebel Stock Performance

AREB remained flat at $0.50 during midday trading on Friday. The company’s stock had a trading volume of 477,426 shares, compared to its average volume of 3,390,824. American Rebel has a 52-week low of $0.21 and a 52-week high of $1.03. The business has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.42.

American Rebel (NASDAQ:AREB – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.89) EPS for the quarter. The company had revenue of $3.26 million for the quarter. American Rebel had a negative return on equity of 260.38% and a negative net margin of 118.01%.

About American Rebel

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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.