Global Self Storage, Inc. (NASDAQ:SELF) Sees Large Growth in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 17,733 shares, a growth of 28.3% from the January 15th total of 13,826 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Global Self Storage Stock Down 0.6%

Shares of NASDAQ:SELF traded down $0.03 during trading on Monday, hitting $4.99. The stock had a trading volume of 31,944 shares, compared to its average volume of 32,168. The stock has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $5.07. The stock has a market capitalization of $56.59 million, a price-to-earnings ratio of 31.19 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.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, December 15th. Global Self Storage’s dividend payout ratio (DPR) is 181.25%.

Institutional Trading of Global Self Storage

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Global Self Storage by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,032 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Global Self Storage by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 2,867 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of 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 purchasing an additional 3,179 shares during the period. PFG Investments LLC raised its stake in Global Self Storage by 12.3% during the fourth quarter. PFG Investments LLC now owns 35,194 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 3,842 shares during the period. Finally, Baker Ellis Asset Management LLC raised its stake in Global Self Storage by 18.2% during the fourth quarter. Baker Ellis Asset Management LLC now owns 39,000 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 6,000 shares during the period. 28.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.