American Rebel Holdings, Inc. (NASDAQ:AREB) Short Interest Up 431.4% in April

American Rebel Holdings, Inc. (NASDAQ:AREB) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 421,900 shares, an increase of 431.4% from the March 31st total of 79,400 shares. Based on an average daily volume of 6,930,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 21.3% of the company’s stock are short sold.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt purchased 230,223 shares of American Rebel stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $12.06 per share, with a total value of $2,776,489.38. Following the completion of the transaction, the insider now directly owns 171,658 shares of the company’s stock, valued at approximately $2,070,195.48. The trade was a -393.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 91.56% of the stock is currently owned by company insiders.

American Rebel Trading Down 1.8 %

AREB opened at $3.85 on Monday. American Rebel has a 1-year low of $1.10 and a 1-year high of $231.75. The firm’s 50 day simple moving average is $8.27 and its two-hundred day simple moving average is $36.15.

American Rebel (NASDAQ:AREB) last issued its quarterly earnings results on Friday, February 7th. The company reported ($16.75) EPS for the quarter. American Rebel had a negative return on equity of 772.51% and a negative net margin of 111.30%.

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.