Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 32.5% in April

Global Self Storage, Inc. (NASDAQ:SELF – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 20,800 shares, a growth of 32.5% from the March 31st total of 15,700 shares. Based on an average daily trading volume, of 31,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in shares of Global Self Storage by 35.1% in the 3rd quarter. Renaissance Technologies LLC now owns 98,900 shares of the financial services provider’s stock valued at $509,000 after buying an additional 25,700 shares during the period. BlackRock Inc. boosted its position in Global Self Storage by 247.2% in the 3rd quarter. BlackRock Inc. now owns 34,910 shares of the financial services provider’s stock valued at $180,000 after buying an additional 24,854 shares during the period. Millennium Management LLC purchased a new position in Global Self Storage in the 3rd quarter valued at approximately $120,000. Baker Ellis Asset Management LLC purchased a new position in Global Self Storage in the 4th quarter valued at approximately $80,000. Finally, Advisor Group Holdings Inc. boosted its position in Global Self Storage by 246.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,740 shares of the financial services provider’s stock valued at $62,000 after buying an additional 7,640 shares during the period. Hedge funds and other institutional investors own 22.13% of the company’s stock.

Shares of SELF opened at $6.08 on Monday. Global Self Storage has a 1-year low of $4.89 and a 1-year high of $6.77. The firm has a market capitalization of $65.11 million, a PE ratio of 19.00 and a beta of 0.48. The company’s fifty day moving average price is $5.70 and its 200-day moving average price is $5.62.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Monday, March 14th. Global Self Storage’s payout ratio is currently 81.25%.

Global Self Storage Company Profile (Get Rating)

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops 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.

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