Short Interest in Safestore Holdings Plc (OTCMKTS:SFSHF) Decreases By 16.9%

Safestore Holdings Plc (OTCMKTS:SFSHF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 277,700 shares, a decline of 16.9% from the August 31st total of 334,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2,777.0 days.

Safestore Price Performance

Shares of OTCMKTS:SFSHF remained flat at $11.41 on Friday. Safestore has a fifty-two week low of $8.06 and a fifty-two week high of $11.60. The business’s 50-day moving average price is $10.81 and its 200 day moving average price is $10.04.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Safestore to a “strong-buy” rating in a research note 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.