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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 20,099 shares, a drop of 75.7% from the July 15th total of 82,751 shares. Based on an average daily volume of 21,170 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Global Self Storage Stock Performance

Global Self Storage stock traded up $0.19 during mid-day trading on Friday, reaching $5.35. The company’s stock had a trading volume of 48,484 shares, compared to its average volume of 26,698. The firm’s fifty day moving average price is $5.14 and its two-hundred day moving average price is $5.16. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.63. The company has a market capitalization of $61.10 million and a P/E ratio of 29.72.

Global Self Storage (NASDAQ:SELF) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $3.21 million for the quarter, compared to the consensus estimate of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.29 dividend on an annualized basis and a yield of 5.4%. Global Self Storage’s dividend payout ratio is 161.11%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in shares of Global Self Storage in the second quarter worth about $88,000. Winmill & CO. Inc. bought a new position in shares of Global Self Storage in the second quarter valued at approximately $3,073,000. Bard Associates Inc. purchased a new position in Global Self Storage during the second quarter valued at approximately $82,000. BlackRock Inc. purchased a new position in Global Self Storage during the second quarter valued at approximately $2,083,000. Finally, Private Capital Management LLC bought a new stake in Global Self Storage during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Global Self Storage from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

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.