American Rebel Holdings, Inc. (NASDAQ:AREB) Short Interest Down 83.7% in March

Key Points

• Short interest down 83.7% in March to 37,648 shares as of March 31, with a days-to-cover of 2.1 and MarketBeat reporting that approximately 75.3% of the company's shares are short sold.
• CWA Asset Management purchased 100,000 shares (about $95,000) and reported owning 17.86% of American Rebel in its SEC filing, while MarketBeat notes total institutional ownership of the stock is 13.6%.
• The stock is extremely volatile — shares traded up to $6.46 (a reported gain of 6,914.1%), the 12‑month range is $0.06 to $8,356.00, and analysts maintain a consensus "Sell" rating (Weiss Ratings reaffirmed "sell (e+)").

American Rebel Holdings, Inc. (NASDAQ:AREB - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 37,648 shares, a decline of 83.7% from the March 15th total of 230,797 shares. Based on an average trading volume of 18,205 shares, the days-to-cover ratio is presently 2.1 days. Approximately 75.3% of the shares of the company are short sold.

Institutional Investors Weigh In On American Rebel

An institutional investor recently bought a new position in American Rebel stock. CWA Asset Management Group LLC purchased a new stake in shares of American Rebel Holdings, Inc. (NASDAQ:AREB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 100,000 shares of the company's stock, valued at approximately $95,000. CWA Asset Management Group LLC owned 17.86% of American Rebel as of its most recent filing with the SEC. 13.60% of the stock is currently owned by institutional investors and hedge funds.

American Rebel Stock Up 6,914.1%

Shares of NASDAQ AREB traded up $6.37 during midday trading on Friday, reaching $6.46. 74,926 shares of the stock were exchanged, compared to its average volume of 3,893,626. The firm has a market cap of $67.40 million, a price-to-earnings ratio of 0.00 and a beta of 1.39. American Rebel has a twelve month low of $0.06 and a twelve month high of $8,356.00. The firm has a 50-day simple moving average of $41.26 and a two-hundred day simple moving average of $4,533.69.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of American Rebel in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

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. It also offers accessories, such as back-over and back-under handgun hangers, ballistic shields, safe light kits, mag minders, moisture guards, and rifle rod kits and rods. In addition, the company's personal security and self-defense products include concealed carry backpacks; and concealed carry jackets, vests, and coats, as well as T-shirts for men and women under the American Rebel brand.

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