Short Interest in Safestore Holdings plc (OTCMKTS:SFSHF) Expands By 13,600.0%

Safestore Holdings plc (OTCMKTS:SFSHFGet Rating) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 41,100 shares, a growth of 13,600.0% from the April 30th total of 300 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 58.7 days.

SFSHF has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Safestore from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Berenberg Bank boosted their price target on Safestore from GBX 970 ($12.21) to GBX 1,280 ($16.11) in a research note on Wednesday, March 23rd. Finally, HSBC downgraded Safestore from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th.

SFSHF remained flat at $$12.51 during trading on Wednesday. The company had a trading volume of 1,914 shares, compared to its average volume of 1,914. The stock has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $16.84. Safestore has a twelve month low of $12.51 and a twelve month high of $19.10.

About Safestore (Get Rating)

Safestore is the UK's largest self-storage group with 163 stores, comprising 125 wholly owned stores in the UK (including over 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 28 wholly owned stores in the Paris region, 6 stores in the Netherlands and 4 stores within Barcelona, Spain.

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