Safestore Holdings PLC (OTCMKTS:SFSHF – Get Free Report) saw a large increase in short interest in the month of 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 currently 227.0 days. Approximately 0.0% of the shares of the company are short sold.
Safestore Stock Performance
Shares of OTCMKTS:SFSHF opened at $7.27 on Friday. Safestore has a 1 year low of $7.27 and a 1 year high of $11.01. The business’s 50 day moving average price is $7.87 and its 200-day moving average price is $8.71.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Safestore to a “hold” rating in a report on Wednesday, August 19th. Morgan Stanley reiterated an “underweight” rating on shares of Safestore in a research report on Monday, June 15th. Finally, Barclays upgraded Safestore from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Safestore currently has a consensus rating of “Hold”.
About Safestore
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.
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