Safestore Holdings PLC (OTCMKTS:SFSHF) Short Interest Up 3,716.0% in July

Safestore Holdings PLC (OTCMKTS:SFSHF) saw a significant increase in short interest during the month of 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 company’s stock are sold short. Based on an average daily volume of 7 shares, the short-interest ratio is currently 136.3 days.

Safestore Stock Performance

Shares of Safestore stock opened at $7.87 on Wednesday. The business’s fifty day simple moving average is $8.09 and its 200 day simple moving average is $9.19. Safestore has a 12 month low of $7.87 and a 12 month high of $11.01.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “underweight” rating on shares of Safestore in a report on Monday, June 15th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

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.