American Rebel Holdings, Inc. (NASDAQ:AREB) Sees Significant Drop in Short Interest

American Rebel Holdings, Inc. (NASDAQ:AREB) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 39,900 shares, a drop of 15.8% from the May 31st total of 47,400 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 6,170,000 shares, the short-interest ratio is currently 0.0 days.

American Rebel Stock Performance

Shares of NASDAQ:AREB traded up $0.03 during mid-day trading on Tuesday, reaching $0.48. 565,588 shares of the company were exchanged, compared to its average volume of 3,559,995. American Rebel has a 1 year low of $0.21 and a 1 year high of $3.10. The firm’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.32.

Hedge Funds Weigh In On American Rebel

A hedge fund recently raised its stake in American Rebel stock. Armistice Capital LLC raised its holdings in American Rebel Holdings, Inc. (NASDAQ:AREB) by 144.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,000 shares of the company’s stock after buying an additional 258,000 shares during the period. Armistice Capital LLC owned approximately 8.69% of American Rebel worth $135,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.60% of the company’s stock.

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.