Safestore Holdings PLC (OTCMKTS:SFSHF) Short Interest Up 3,678.9% in April

Safestore Holdings PLC (OTCMKTS:SFSHF) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 491,863 shares, an increase of 3,678.9% from the April 15th total of 13,016 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is currently 122,965.8 days.

Wall Street Analyst Weigh In

SFSHF has been the subject of several research analyst reports. Kepler Capital Markets lowered Safestore from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Barclays lowered Safestore from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Oddo Bhf raised Safestore to an “outperform” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Safestore Stock Performance

Shares of SFSHF stock remained flat at $9.44 during trading hours on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $9.28 and a 200-day simple moving average of $9.49. Safestore has a 52-week low of $8.01 and a 52-week 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.