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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 16,100 shares, a growth of 43.8% from the January 15th total of 11,200 shares. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Global Self Storage

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Global Self Storage during the 4th quarter worth about $66,000. Bailard Inc. acquired a new position in Global Self Storage during the 4th quarter worth about $126,000. Baker Ellis Asset Management LLC lifted its position in Global Self Storage by 20.0% during the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock worth $128,000 after buying an additional 4,000 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in Global Self Storage during the 4th quarter worth about $270,000. Finally, Crossingbridge Advisors LLC bought a new stake in Global Self Storage during the 3rd quarter worth about $526,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Global Self Storage Price Performance

SELF stock remained flat at $5.16 on Friday. 12,502 shares of the company were exchanged, compared to its average volume of 16,928. Global Self Storage has a fifty-two week low of $4.01 and a fifty-two week high of $5.85. The company has a 50 day simple moving average of $5.16 and a two-hundred day simple moving average of $5.12. The stock has a market capitalization of $58.15 million, a price-to-earnings ratio of 19.11 and a beta of 0.24.

Global Self Storage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07. Global Self Storage’s payout ratio is currently 107.41%.

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.