Safestore Holdings Plc (OTCMKTS:SFSHF) Sees Significant Drop in Short Interest

Safestore Holdings Plc (OTCMKTS:SFSHF) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 170,400 shares, a drop of 38.6% from the September 15th total of 277,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,704.0 days.

Safestore Price Performance

SFSHF opened at $12.07 on Monday. The business’s fifty day simple moving average is $11.24 and its 200 day simple moving average is $10.24. Safestore has a 52 week low of $8.06 and a 52 week high of $12.07.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFSHF. Barclays downgraded shares of Safestore from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Citigroup upgraded Safestore to a “strong-buy” rating in a research report on Friday, August 9th.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.