Safestore Holdings Plc (OTCMKTS:SFSHF) Short Interest Up 102.2% in November

Safestore Holdings Plc (OTCMKTS:SFSHF) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 376,700 shares, a growth of 102.2% from the November 15th total of 186,300 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 3,767.0 days.

Safestore Stock Up 0.7 %

OTCMKTS SFSHF traded up $0.06 during trading hours on Friday, hitting $8.59. The company had a trading volume of 3,842 shares, compared to its average volume of 1,546. Safestore has a 52 week low of $8.53 and a 52 week high of $12.07. The firm has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $10.44.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of Safestore from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

About Safestore

Safestore is the UK’s largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.