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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwest Capital Management Inc acquired a new stake in Global Self Storage in the third quarter worth about $4,734,000. Core Wealth Partners LLC purchased a new position in shares of Global Self Storage in the 1st quarter valued at approximately $44,000. Finally, Dimensional Fund Advisors LP boosted its stake in Global Self Storage by 4.0% in 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. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Global Self Storage Stock Performance

SELF traded down $0.03 during trading on Wednesday, hitting $4.94. The stock had a trading volume of 293 shares, compared to its average volume of 36,688. The stock has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $4.93. 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 $55.62 million, a PE ratio of 26.16 and a beta of 0.25.

Global Self Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were given a $0.072 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.83%. Global Self Storage’s payout ratio is 152.63%.

Analysts Set New Price Targets

Separately, Alliance Global Partners began 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 target for the company.

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.