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 in the month of August. As of August 31st, there was short interest totalling 12,400 shares, a growth of 51.2% from the August 15th total of 8,200 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Global Self Storage

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Global Self Storage by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 2,152 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Global Self Storage during the fourth quarter worth $42,000. Core Wealth Partners LLC acquired a new position in shares of Global Self Storage during the first quarter valued at $44,000. Finally, Victory Capital Management Inc. bought a new position in Global Self Storage in the fourth quarter valued at about $79,000. 28.88% of the stock is currently owned by institutional investors.

Global Self Storage Stock Performance

Shares of NASDAQ:SELF traded up $0.03 on Monday, hitting $5.21. The stock had a trading volume of 24,350 shares, compared to its average volume of 40,063. The firm’s 50 day moving average price is $5.06 and its 200-day moving average price is $4.75. Global Self Storage has a twelve month low of $4.01 and a twelve month high of $5.85. The company has a market capitalization of $58.72 million, a price-to-earnings ratio of 27.21 and a beta of 0.25.

Global Self Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Tuesday, September 17th. Global Self Storage’s dividend payout ratio (DPR) is currently 152.64%.

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.