American Rebel Holdings, Inc. (NASDAQ:AREB – Get Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 295,100 shares, a growth of 124.4% from the December 15th total of 131,500 shares. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.9% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, EF Hutton Acquisition Co. I started coverage on shares of American Rebel in a research note on Monday, September 26th. They set a "buy" rating and a $1.50 target price for the company.
Get American Rebel alerts:American Rebel Price Performance
Shares of American Rebel stock traded down $0.01 during mid-day trading on Thursday, hitting $0.21. 2,110 shares of the stock were exchanged, compared to its average volume of 486,726. The company has a 50-day simple moving average of $0.23 and a 200 day simple moving average of $0.46. American Rebel has a 12 month low of $0.16 and a 12 month high of $7.20.
Institutional Trading of American Rebel
Large investors have recently bought and sold shares of the company. Raymond James & Associates bought a new position in American Rebel during the first quarter worth about $96,000. Verition Fund Management LLC purchased a new position in American Rebel in the 1st quarter valued at approximately $36,000. Jane Street Group LLC bought a new stake in American Rebel during the 1st quarter valued at $31,000. Finally, Armistice Capital LLC purchased a new stake in shares of American Rebel during the third quarter worth $222,000. 14.44% of the stock is owned by hedge funds and other institutional investors.About American Rebel
(Get Rating)
American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company offers home, office, and personal safes, as well as vault doors; concealed carry backpacks; and a range of concealed carry jackets, vests, coats, and T-shirts for men and women.
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