Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Grows By 28.3%

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 17,733 shares, an increase of 28.3% from the January 15th total of 13,826 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in Global Self Storage in the 4th quarter valued at $129,000. Winmill & CO. Inc. increased its holdings in shares of Global Self Storage by 14.0% in the fourth quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock valued at $2,991,000 after purchasing an additional 71,907 shares during the last quarter. Crossingbridge Advisors LLC raised its position in shares of Global Self Storage by 3,427.1% in the fourth quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 34,271 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Global Self Storage during the 4th quarter worth about $118,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Global Self Storage during the 4th quarter worth about $180,000. 28.88% of the stock is owned by institutional investors and hedge funds.

Global Self Storage Stock Performance

Shares of SELF stock opened at $4.98 on Wednesday. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.89. The stock has a market cap of $56.47 million, a price-to-earnings ratio of 31.13 and a beta of 0.01. The firm’s 50-day moving average is $5.05 and its 200-day moving average is $5.07.

Global Self Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, December 15th. Global Self Storage’s dividend payout ratio (DPR) is presently 181.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

About Global Self Storage

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.