Short Interest in American Rebel Holdings, Inc. (NASDAQ:AREB) Drops By 40.4%

American Rebel Holdings, Inc. (NASDAQ:AREB) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 230,797 shares, a decline of 40.4% from the February 26th total of 387,188 shares. Based on an average daily volume of 2,510,296 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in American Rebel stock. CWA Asset Management Group LLC bought a new position in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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. Institutional investors 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 report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Rebel currently has an average rating of “Sell”.

American Rebel Price Performance

AREB remained flat at $6.46 on Friday. 74,926 shares of the company traded hands, compared to its average volume of 28,656. The company has a 50 day moving average of $196.55 and a 200-day moving average of $6,526.94. American Rebel has a 1-year low of $0.06 and a 1-year high of $8,356.00. The firm has a market capitalization of $646,000.00, a price-to-earnings ratio of 0.00 and a beta of 1.39.

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.