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

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 54,100 shares, a growth of 41.3% from the December 15th total of 38,300 shares. Based on an average daily volume of 813,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.1% of the company’s stock are short sold.

American Rebel Price Performance

AREB traded down $0.07 during mid-day trading on Friday, reaching $2.05. 136,304 shares of the stock were exchanged, compared to its average volume of 988,084. The company has a 50 day moving average price of $2.06 and a two-hundred day moving average price of $1.49. American Rebel has a 1 year low of $1.51 and a 1 year high of $9.27.

Hedge Funds Weigh In On American Rebel

A hedge fund recently bought a new stake in American Rebel stock. Cross Staff Investments Inc acquired a new position in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 556,556 shares of the company’s stock, valued at approximately $445,000. Cross Staff Investments Inc owned about 9.36% 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.

About American Rebel

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.