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

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 52,000 shares, a decline of 71.4% from the October 31st total of 182,100 shares. Based on an average daily volume of 715,900 shares, the short-interest ratio is currently 0.1 days. Approximately 4.9% of the shares of the company 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) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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. 13.60% of the stock is currently owned by institutional investors and hedge funds.

American Rebel Stock Performance

Shares of NASDAQ AREB opened at $2.06 on Thursday. American Rebel has a one year low of $1.90 and a one year high of $9.27. The business has a fifty day simple moving average of $2.24 and a 200 day simple moving average of $1.11.

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.