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

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 511,645 shares, a growth of 105.4% from the December 31st total of 249,087 shares. Currently, 36.0% of the company’s stock are sold short. Based on an average daily trading volume, of 679,197 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 679,197 shares, the days-to-cover ratio is currently 0.8 days. Currently, 36.0% of the company’s stock are sold short.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

American Rebel Stock Performance

NASDAQ:AREB opened at $0.28 on Friday. American Rebel has a fifty-two week low of $0.23 and a fifty-two week high of $670.00. The firm has a market cap of $2.42 million, a P/E ratio of 0.00 and a beta of 1.24. The firm has a 50-day simple moving average of $0.79 and a two-hundred day simple moving average of $9.69.

American Rebel’s stock is set to reverse split on Monday, February 2nd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, February 1st.

American Rebel (NASDAQ:AREB) last released its quarterly earnings data on Monday, November 10th. The company reported ($32.44) EPS for the quarter. The company had revenue of $1.88 million during 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) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 reporting period. Hedge funds and other institutional investors own 13.60% of the company’s stock.

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.