Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Grows By 26.2%

Global Self Storage, Inc. (NASDAQ:SELF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 17,567 shares, an increase of 26.2% from the March 31st total of 13,925 shares. Based on an average daily trading volume, of 33,331 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Global Self Storage Stock Down 1.0%

Global Self Storage stock traded down $0.05 during midday trading on Thursday, hitting $5.48. 7,677 shares of the stock were exchanged, compared to its average volume of 33,179. The company has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $5.09. Global Self Storage has a 52 week low of $4.73 and a 52 week high of $5.89. The stock has a market capitalization of $62.10 million, a PE ratio of 30.43 and a beta of -0.03.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings data on Thursday, March 26th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Self Storage had a return on equity of 4.34% and a net margin of 16.04%.The firm had revenue of $3.16 million for the quarter, compared to the consensus estimate of $3.13 million.

Global Self Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.29 annualized dividend and a yield of 5.3%. Global Self Storage’s dividend payout ratio (DPR) is presently 161.11%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SELF. Cetera Investment Advisers boosted its stake in Global Self Storage by 158.3% during the 2nd 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 last quarter. Raymond James Financial Inc. lifted its stake in Global Self Storage by 20.4% in the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,179 shares in the last quarter. James Investment Research Inc. lifted its stake in Global Self Storage by 54.5% in the third quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after buying an additional 8,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $307,000 after buying an additional 2,032 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Global Self Storage in the third quarter valued at approximately $54,000. Institutional investors own 28.88% of the company’s stock.

About Global Self Storage

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.