Safestore Holdings PLC (OTCMKTS:SFSHF) Sees Large Growth in Short Interest

Safestore Holdings PLC (OTCMKTS:SFSHF) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 954 shares, an increase of 3,716.0% from the July 15th total of 25 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7 shares, the days-to-cover ratio is presently 136.3 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Safestore has an average rating of “Reduce”.

Safestore Price Performance

OTCMKTS SFSHF remained flat at $7.87 on Tuesday. The firm’s fifty day moving average is $8.13 and its two-hundred day moving average is $9.20. Safestore has a twelve month low of $7.87 and a twelve month high of $11.01.

Safestore Company Profile

Safestore (OTCMKTS:SFSHF) is a leading European self-storage operator providing secure storage solutions for personal and business customers. The company’s facilities offer a wide range of unit sizes, climate-controlled spaces, container storage, and value-added services such as packing materials and insurance. Safestore’s focus on convenience and security is supported by 24/7 access, state-of-the-art surveillance systems, and an integrated online platform for reservations and account management.

Founded in 1998 and headquartered in the United Kingdom, Safestore has expanded through a combination of organic growth and acquisitions to operate over 130 locations across the UK and France.