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Safestore (OTCMKTS:SFSHF) Sees Unusually-High Trading Volume - Time to Buy?

Safestore logo with Finance background

Key Points

  • Safestore Holdings PLC experienced a significant trading volume increase of 67%, with around 1,004 shares traded compared to 600 shares in the previous session.
  • The stock is currently trading at $8.75, down from a previous closing price of $9.00, indicating a negative price movement.
  • As of October 31, 2023, Safestore operates 190 stores, making it the UK's largest self-storage group, with locations across the UK, Paris, Spain, the Netherlands, and Belgium.
  • Five stocks to consider instead of Safestore.

Safestore Holdings PLC (OTCMKTS:SFSHF - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 1,004 shares traded hands during trading, an increase of 67% from the previous session's volume of 600 shares.The stock last traded at $8.75 and had previously closed at $9.00.

Safestore Price Performance

The company has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $8.21.

About Safestore

(Get Free Report)

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.

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