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

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 23,400 shares, a decrease of 16.1% from the September 30th total of 27,900 shares. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Global Self Storage

Hedge funds have recently made changes to their positions in the business. Core Wealth Partners LLC purchased a new stake in shares of Global Self Storage during the first quarter worth approximately $44,000. Dimensional Fund Advisors LP increased its stake in shares of Global Self Storage by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock worth $272,000 after buying an additional 2,152 shares during the period. Finally, Northwest Capital Management Inc purchased a new position in Global Self Storage in the third quarter valued at approximately $4,734,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Global Self Storage Price Performance

Shares of SELF stock traded up $0.03 on Monday, hitting $5.09. The stock had a trading volume of 3,334 shares, compared to its average volume of 36,910. The company’s 50 day moving average price is $5.12 and its 200-day moving average price is $4.92. Global Self Storage has a 1 year low of $4.01 and a 1 year high of $5.85. The firm has a market capitalization of $57.36 million, a P/E ratio of 26.63 and a beta of 0.25.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 annualized dividend and a dividend yield of 5.66%. Global Self Storage’s dividend payout ratio is presently 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.