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

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

Global Self Storage Trading Down 0.4 %

Shares of NASDAQ:SELF traded down $0.02 during trading on Tuesday, reaching $5.26. The stock had a trading volume of 5,571 shares, compared to its average volume of 33,415. The firm’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $5.06. Global Self Storage has a one year low of $4.01 and a one year high of $5.85. The company has a market capitalization of $59.28 million, a P/E 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. Shareholders of record on Monday, December 16th were paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a yield of 5.51%. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, December 16th. Global Self Storage’s dividend payout ratio (DPR) is 107.41%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started 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

A number of large investors have recently made changes to their positions in SELF. Dimensional Fund Advisors LP increased its position 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. Northwest Capital Management Inc purchased a new position in shares of Global Self Storage in the 3rd quarter valued at approximately $4,734,000. Finally, Crossingbridge Advisors LLC purchased a new stake in Global Self Storage during the 3rd quarter worth approximately $526,000. 28.88% of the stock is owned by institutional investors and hedge funds.

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.