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

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

Analyst Upgrades and Downgrades

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

Safestore Price Performance

OTCMKTS:SFSHF traded up $0.06 on Friday, reaching $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 12-month low of $8.53 and a 12-month high of $12.07. The stock has a 50 day moving average price of $10.37 and a 200 day moving average price 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.