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

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 148,276 shares, a growth of 744.1% from the April 15th total of 17,567 shares. Based on an average daily volume of 37,360 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SELF. Cetera Investment Advisers grew its position in Global Self Storage by 158.3% during the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 27,914 shares in the last quarter. Raymond James Financial Inc. grew its position in Global Self Storage by 20.4% during 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 in the last quarter. James Investment Research Inc. grew its position in Global Self Storage by 54.5% during the third quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 8,500 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Global Self Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,032 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Global Self Storage during the third quarter valued at approximately $54,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

Global Self Storage Price Performance

Shares of SELF stock remained flat at $5.33 during trading hours on Tuesday. 1,428 shares of the stock were exchanged, compared to its average volume of 31,831. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.83. The firm has a fifty day moving average of $5.23 and a two-hundred day moving average of $5.11. The firm has a market capitalization of $60.92 million, a price-to-earnings ratio of 31.35 and a beta of 0.02.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Self Storage had a net margin of 15.37% and a return on equity of 4.18%. The firm had revenue of $3.17 million for the quarter, compared to analyst estimates of $3.08 million.

Global Self Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a yield of 5.4%. Global Self Storage’s payout ratio is presently 170.59%.

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.