Short Interest in American Rebel Holdings, Inc. (NASDAQ:AREB) Increases By 144.0%

American Rebel Holdings, Inc. (NASDAQ:AREB) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 170,800 shares, an increase of 144.0% from the September 30th total of 70,000 shares. Currently, 34.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 34.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

American Rebel Price Performance

American Rebel stock opened at $1.48 on Friday. The company has a market cap of $828,800.00, a price-to-earnings ratio of 0.00 and a beta of 1.29. American Rebel has a 12 month low of $1.22 and a 12 month high of $1,947.50. The stock’s 50-day moving average is $12.19 and its 200-day moving average is $31.31.

Insider Buying and Selling at American Rebel

In other news, CEO Charles Andrew Ross, Jr. sold 8,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $18.80, for a total value of $164,500.00. Following the completion of the transaction, the chief executive officer owned 5 shares of the company’s stock, valued at $94. The trade was a 99.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 74.11% of the stock is currently owned by corporate insiders.

Institutional Trading of American Rebel

A hedge fund recently bought a new stake in American Rebel stock. CWA Asset Management Group LLC purchased a new position in American Rebel Holdings, Inc. (NASDAQ:AREB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $95,000. CWA Asset Management Group LLC owned about 17.86% of American Rebel as of its most recent filing with the Securities and Exchange Commission. 13.60% of the stock is currently owned by hedge funds and other institutional investors.

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.