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

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 11,200 shares, a decrease of 32.1% from the December 15th total of 16,500 shares. Based on an average daily volume of 15,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Global Self Storage

Hedge funds have recently added to or reduced their stakes in the stock. Northwest Capital Management Inc bought a new position in shares of Global Self Storage during the third quarter worth about $4,734,000. Crossingbridge Advisors LLC bought a new position in Global Self Storage in the 3rd quarter worth about $526,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $272,000 after purchasing an additional 2,152 shares during the period. 28.88% of the stock is currently owned by institutional investors.

Global Self Storage Stock Up 0.8 %

Shares of NASDAQ:SELF traded up $0.04 during trading on Wednesday, hitting $5.09. 3,508 shares of the company traded hands, compared to its average volume of 13,268. The business’s fifty day moving average is $5.16 and its 200-day moving average is $5.09. The stock has a market capitalization of $57.36 million, a price-to-earnings ratio of 18.85 and a beta of 0.24. Global Self Storage has a one year low of $4.01 and a one year high of $5.85.

Global Self Storage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.0725 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Global Self Storage’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 5.70%. Global Self Storage’s dividend payout ratio (DPR) is currently 107.41%.

Analysts Set New Price Targets

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

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.