Safestore Holdings plc (OTCMKTS:SFSHF) Short Interest Down 25.0% in April

Safestore Holdings plc (OTCMKTS:SFSHF – Get Rating) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 300 shares, a decline of 25.0% from the April 15th total of 400 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 0.8 days.

Shares of SFSHF remained flat at $$12.51 during trading hours on Wednesday. The business’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $16.96. Safestore has a 52-week low of $12.51 and a 52-week high of $19.10.

Several research analysts have weighed in on the company. Berenberg Bank boosted their price objective on Safestore from GBX 970 ($11.96) to GBX 1,280 ($15.78) in a research report on Wednesday, March 23rd. Zacks Investment Research cut Safestore from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, HSBC cut Safestore from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th.

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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