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

American Rebel Holdings, Inc. (NASDAQ:AREB) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 19,300 shares, a decline of 86.5% from the September 15th total of 143,000 shares. Based on an average daily volume of 355,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.9% of the shares of the company are sold short.

American Rebel Stock Up 4.2 %

NASDAQ AREB traded up $0.10 during trading hours on Friday, hitting $2.47. The company had a trading volume of 102,080 shares, compared to its average volume of 371,906. The firm has a 50 day simple moving average of $0.86 and a 200 day simple moving average of $0.57. American Rebel has a 52 week low of $1.90 and a 52 week high of $9.27.

American Rebel (NASDAQ:AREB) last posted its earnings results on Wednesday, August 14th. The company reported ($0.89) earnings per share for the quarter. American Rebel had a negative return on equity of 260.38% and a negative net margin of 118.01%. The firm had revenue of $3.26 million for the quarter.

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.