Short Interest in Safestore Holdings Plc (OTCMKTS:SFSHF) Rises By 102.2%

Safestore Holdings Plc (OTCMKTS:SFSHF) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 376,700 shares, an increase of 102.2% from the November 15th total of 186,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 3,767.0 days.

Analyst Ratings Changes

Separately, Barclays cut Safestore from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

Safestore Trading Up 0.7 %

OTCMKTS SFSHF traded up $0.06 during mid-day trading on Friday, hitting $8.59. The company’s stock had a trading volume of 3,842 shares, compared to its average volume of 1,546. Safestore has a 52-week low of $8.53 and a 52-week high of $12.07. The stock’s fifty day simple moving average is $10.37 and its two-hundred day simple moving average is $10.44.

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.