Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Update

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 16,792 shares, an increase of 23.2% from the December 15th total of 13,626 shares. Based on an average daily trading volume, of 49,467 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,467 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Global Self Storage

A number of hedge funds have recently modified their holdings of the business. Winmill & CO. Inc. lifted its holdings in Global Self Storage by 4.2% during the 2nd quarter. Winmill & CO. Inc. now owns 479,042 shares of the financial services provider’s stock worth $2,558,000 after buying an additional 19,280 shares during the period. Laffer Tengler Investments Inc. bought a new position in shares of Global Self Storage during the second quarter worth about $388,000. Dimensional Fund Advisors LP lifted its stake in shares of Global Self Storage by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,032 shares during the period. Cetera Investment Advisers lifted its stake in shares of Global Self Storage by 158.3% in the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 27,914 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Global Self Storage in the third quarter valued at approximately $197,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Global Self Storage in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Global Self Storage Stock Up 1.4%

Shares of SELF opened at $5.09 on Wednesday. The stock has a market cap of $57.72 million, a PE ratio of 31.81 and a beta of 0.01. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.89. The business has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $5.11.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.10 earnings per share for the quarter. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.The company had revenue of $3.23 million for the quarter.

Global Self Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, December 15th. Global Self Storage’s payout ratio is presently 181.25%.

Global Self Storage Company Profile

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.