Safestore Holdings Plc (OTCMKTS:SFSHF) Short Interest Down 27.0% in January

Safestore Holdings Plc (OTCMKTS:SFSHF) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 251,400 shares, a decrease of 27.0% from the December 31st total of 344,500 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 1,257.0 days.

Analysts Set New Price Targets

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

Safestore Price Performance

Shares of Safestore stock opened at $7.59 on Friday. Safestore has a 1-year low of $7.25 and a 1-year high of $12.07. The firm’s 50-day moving average price is $8.27 and its two-hundred day moving average price is $9.98.

Safestore Company Profile

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.