Short Interest in Safestore Holdings PLC (OTCMKTS:SFSHF) Drops By 96.1%

Safestore Holdings PLC (OTCMKTS:SFSHF) 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”.

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.