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

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 249,087 shares, an increase of 28.7% from the December 15th total of 193,593 shares. Currently, 22.4% of the shares of the company are sold short. Based on an average daily volume of 306,920 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 306,920 shares, the days-to-cover ratio is presently 0.8 days. Currently, 22.4% of the shares of the company are sold short.

American Rebel Price Performance

NASDAQ AREB opened at $0.50 on Friday. The company’s fifty day moving average is $0.93 and its two-hundred day moving average is $11.36. American Rebel has a 52-week low of $0.44 and a 52-week high of $1,079.95. The firm has a market capitalization of $3.14 million, a price-to-earnings ratio of 0.00 and a beta of 1.24.

American Rebel (NASDAQ:AREB) last released its earnings results on Monday, November 10th. The company reported ($32.44) earnings per share for the quarter. The company had revenue of $1.88 million for the quarter.

Institutional Trading of American Rebel

A hedge fund recently bought a new stake in American Rebel stock. CWA Asset Management Group LLC acquired a new stake in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 quarter. Institutional investors and hedge funds own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of American Rebel in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.