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

Safestore Holdings Plc (OTCMKTS:SFSHF) was the target of a significant increase in short interest during 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 trading volume of 100 shares, the days-to-cover ratio is currently 3,767.0 days.

Analyst Upgrades and Downgrades

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

Safestore Trading Up 0.7 %

Shares of Safestore stock traded up $0.06 during trading on Friday, reaching $8.59. 3,842 shares of the stock traded hands, 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 business has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $10.44.

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.