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

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 16,500 shares, an increase of 18.7% from the November 30th total of 13,900 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Global Self Storage

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Global Self Storage by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after buying an additional 2,152 shares in the last quarter. Crossingbridge Advisors LLC bought a new position in Global Self Storage in the third quarter worth approximately $526,000. Finally, Northwest Capital Management Inc bought a new stake in Global Self Storage during the 3rd quarter valued at $4,734,000. 28.88% of the stock is currently owned by institutional investors.

Global Self Storage Trading Down 0.4 %

Shares of NASDAQ SELF traded down $0.02 during trading hours on Tuesday, hitting $5.26. 5,571 shares of the company traded hands, compared to its average volume of 33,415. The company’s 50 day moving average price is $5.14 and its 200 day moving average price is $5.06. Global Self Storage has a 12 month low of $4.01 and a 12 month high of $5.85. The stock has a market capitalization of $59.28 million, a price-to-earnings ratio of 19.48 and a beta of 0.26.

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 issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.51%. The ex-dividend date was Monday, December 16th. This is a positive change from Global Self Storage’s previous quarterly dividend of $0.07. Global Self Storage’s dividend payout ratio (DPR) is 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.