American Rebel Holdings, Inc. (NASDAQ:AREB – Get Rating) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 36,100 shares, a drop of 59.9% from the August 15th total of 90,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.8% of the company’s shares are sold short.
Institutional Investors Weigh In On American Rebel
Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of American Rebel in the first quarter worth approximately $31,000. Verition Fund Management LLC acquired a new position in American Rebel during the first quarter valued at approximately $36,000. Finally, Raymond James & Associates acquired a new position in American Rebel during the first quarter valued at approximately $96,000. 1.84% of the stock is owned by institutional investors and hedge funds.
American Rebel Price Performance
AREB opened at $0.65 on Wednesday. The company’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $1.03. American Rebel has a 1 year low of $0.52 and a 1 year high of $7.42.
American Rebel Company Profile
American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company offers home, office, and personal safes, as well as vault doors; concealed carry backpacks; and a range of concealed carry jackets, vests, coats, and T-shirts for men and women.
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