Short Interest in American Rebel Holdings, Inc. (NASDAQ:AREB) Declines By 15.8%

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 shares of the stock are short sold. Based on an average daily trading volume, of 6,170,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Rebel stock. Armistice Capital LLC grew its stake in shares of American Rebel Holdings, Inc. (NASDAQ:AREB) by 144.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 436,000 shares of the company’s stock after acquiring an additional 258,000 shares during the period. Armistice Capital LLC owned about 8.69% of American Rebel worth $135,000 at the end of the most recent reporting period. 13.60% of the stock is owned by institutional investors and hedge funds.

American Rebel Trading Down 9.6 %

Shares of American Rebel stock traded down $0.05 on Friday, hitting $0.47. The company had a trading volume of 606,655 shares, compared to its average volume of 19,406,996. American Rebel has a 52 week low of $0.21 and a 52 week high of $3.42. The business has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.32.

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.