Short Interest in Safestore Holdings PLC (OTCMKTS:SFSHF) Drops By 96.1%
by Doug Wharley · The Cerbat GemSafestore Holdings PLC (OTCMKTS:SFSHF – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 25 shares, a drop of 96.1% from the June 30th total of 638 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 82 shares, the days-to-cover ratio is currently 0.3 days.
Wall Street Analyst Weigh In
Separately, Morgan Stanley restated an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Safestore currently has an average rating of “Reduce”.
Read Our Latest Stock Report on SFSHF
Safestore Stock Performance
Shares of OTCMKTS:SFSHF opened at $7.87 on Friday. The business’s 50 day moving average is $8.47 and its 200-day moving average is $9.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.29 and a quick ratio of 0.28. Safestore has a 1-year low of $7.87 and a 1-year high of $11.01.
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.