Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Drops By 34.4%

Global Self Storage, Inc. (NASDAQ:SELFGet Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,500 shares, a decrease of 34.4% from the April 30th total of 16,000 shares. Based on an average trading volume of 28,200 shares, the days-to-cover ratio is currently 0.4 days.

NASDAQ:SELF opened at $5.99 on Friday. The firm has a market capitalization of $64.81 million, a PE ratio of 19.32 and a beta of 0.39. Global Self Storage has a 12 month low of $4.93 and a 12 month high of $6.77. The business’s fifty day moving average price is $5.77 and its 200 day moving average price is $5.70.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a $0.065 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.34%. Global Self Storage’s dividend payout ratio (DPR) is presently 83.87%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bard Associates Inc. lifted its position in Global Self Storage by 0.3% during the first quarter. Bard Associates Inc. now owns 664,284 shares of the financial services provider’s stock worth $3,720,000 after buying an additional 2,255 shares during the period. Renaissance Technologies LLC raised its stake in shares of Global Self Storage by 10.0% during the first quarter. Renaissance Technologies LLC now owns 134,361 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 12,161 shares during the period. Geode Capital Management LLC raised its stake in shares of Global Self Storage by 4.0% during the third quarter. Geode Capital Management LLC now owns 107,664 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 4,157 shares during the period. LPL Financial LLC increased its position in shares of Global Self Storage by 3.5% during the third quarter. LPL Financial LLC now owns 91,187 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 3,057 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of Global Self Storage by 620.9% in the first quarter. Advisor Group Holdings Inc. now owns 77,428 shares of the financial services provider’s stock worth $434,000 after buying an additional 66,688 shares during the last quarter. 22.13% of the stock is currently owned by institutional investors.

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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