Safestore Holdings PLC (OTCMKTS:SFSHF) Short Interest Update

Key Points

• Safestore Holdings PLC saw a dramatic increase in short interest in July, with a total of 856,400 shares shorted, marking a rise of 856,300.0% from the previous period.
• The company's current short interest represents 0.4% of its total shares, leading to an extraordinary days-to-cover ratio of 2,854.7 days.
• As of recent trading, Safestore stock is priced at $8.80, with a 12-month trading range between $6.97 and $12.07.

Safestore Holdings PLC (OTCMKTS:SFSHF - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 856,400 shares, agrowthof856,300.0% from the July 15th total of 100 shares. Approximately0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 2,854.7 days. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 2,854.7 days. Approximately0.4% of the shares of the stock are sold short.

Safestore Price Performance

OTCMKTS:SFSHF remained flat at $8.75 during trading hours on Tuesday. The firm has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $8.22. Safestore has a 1-year low of $6.9660 and a 1-year high of $12.0714.

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.