Safestore Holdings PLC (OTCMKTS:SFSHF) Short Interest Down 99.9% in June

Safestore Holdings PLC (OTCMKTS:SFSHF) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 638 shares, a drop of 99.9% from the June 15th total of 486,638 shares. Based on an average daily trading volume, of 10 shares, the short-interest ratio is currently 63.8 days. Currently, 0.0% of the shares of the stock are short sold.

Safestore Price Performance

Shares of SFSHF stock remained flat at $8.05 on Friday. The business has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $9.46. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.40. Safestore has a 52-week low of $8.05 and a 52-week high of $11.01.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.