Safestore Holdings Plc (OTCMKTS:SFSHF) Short Interest Down 38.6% in September

Safestore Holdings Plc (OTCMKTS:SFSHF) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 170,400 shares, a decrease of 38.6% from the September 15th total of 277,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1,704.0 days.

Safestore Price Performance

Shares of OTCMKTS SFSHF opened at $12.07 on Friday. Safestore has a 12-month low of $8.06 and a 12-month high of $12.07. The stock’s fifty day simple moving average is $11.19 and its two-hundred day simple moving average is $10.21.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup upgraded shares of Safestore to a “strong-buy” rating in a report on Friday, August 9th. Barclays cut shares of Safestore from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

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.