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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 16,200 shares, a decrease of 20.2% from the October 31st total of 20,300 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Alliance Global Partners assumed coverage on shares of Global Self Storage in a research note on Friday, October 18th. They set a “buy” rating and a $6.50 price objective on the stock.

Global Self Storage Stock Down 1.6 %

Shares of Global Self Storage stock opened at $5.07 on Monday. The firm’s 50-day moving average price is $5.09 and its two-hundred day moving average price is $5.03. Global Self Storage has a 12-month low of $4.01 and a 12-month high of $5.85. The company has a market capitalization of $57.14 million, a price-to-earnings ratio of 18.78 and a beta of 0.26.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were paid a $0.072 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.68%. Global Self Storage’s payout ratio is currently 107.41%.

Institutional Investors Weigh In On Global Self Storage

Hedge funds have recently made changes to their positions in the stock. Crossingbridge Advisors LLC acquired a new stake in shares of Global Self Storage in the 3rd quarter valued at approximately $526,000. Northwest Capital Management Inc acquired a new stake in shares of Global Self Storage in the 3rd quarter valued at approximately $4,734,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 2,152 shares in the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.