Short Interest in Safestore Holdings Plc (OTCMKTS:SFSHF) Declines By 38.6%

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

Analyst Ratings Changes

Several research firms have recently weighed in on SFSHF. Citigroup upgraded Safestore to a “strong-buy” rating in a research note on Friday, August 9th. Barclays downgraded Safestore from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

Read Our Latest Research Report on Safestore

Safestore Price Performance

Shares of SFSHF stock opened at $12.07 on Friday. The company has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $10.21. Safestore has a 12 month low of $8.06 and a 12 month high of $12.07.

About Safestore

(Get Free Report)

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.

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