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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 12,400 shares, an increase of 51.2% from the August 15th total of 8,200 shares. Based on an average daily trading volume, of 19,900 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Global Self Storage

Large investors have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new position in Global Self Storage during the 4th quarter worth about $42,000. Core Wealth Partners LLC bought a new position in Global Self Storage during the 1st quarter worth about $44,000. Victory Capital Management Inc. bought a new position in Global Self Storage during the 4th quarter worth about $79,000. Finally, Dimensional Fund Advisors LP increased 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 worth $272,000 after purchasing an additional 2,152 shares in the last quarter. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Up 1.4 %

Shares of SELF stock opened at $5.18 on Monday. Global Self Storage has a 12-month low of $4.01 and a 12-month high of $5.85. The firm has a fifty day moving average of $5.06 and a 200-day moving average of $4.75. The company has a market capitalization of $58.38 million, a price-to-earnings ratio of 27.26 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. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Tuesday, September 17th. Global Self Storage’s dividend payout ratio (DPR) is presently 152.64%.

About Global Self Storage

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.