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

Safestore Holdings PLC (OTCMKTS:SFSHF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,086 shares, an increase of 316.1% from the August 15th total of 982 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 227.0 days. Approximately 0.0% of the company’s shares are short sold.

Safestore Stock Performance

OTCMKTS SFSHF opened at $7.27 on Monday. Safestore has a 12 month low of $7.27 and a 12 month high of $11.01. The stock has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $8.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SFSHF. Morgan Stanley reaffirmed an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. Barclays raised shares of Safestore from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Safestore to a “hold” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Safestore

Safestore Holdings plc is a self-storage operator headquartered in the United Kingdom. The company provides secure, flexible storage space for individuals, households and businesses, with customers typically renting units on short- or long-term agreements. Its services are designed to support needs such as moving home, decluttering, document storage, inventory management and business expansion.

Safestore operates a network of self-storage facilities in the United Kingdom and France, including locations in London, other major UK markets and the Paris region.