Global Self Storage, Inc. (NASDAQ:SELF) Sees Significant Drop in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 14,050 shares, a drop of 20.8% from the January 29th total of 17,733 shares. Based on an average daily trading volume, of 22,973 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,973 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Laffer Tengler Investments Inc. acquired a new stake in shares of Global Self Storage during the 2nd quarter worth approximately $388,000. Cetera Investment Advisers boosted its stake in Global Self Storage by 158.3% in the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 27,914 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in Global Self Storage during the 2nd quarter worth $34,000. Raymond James Financial Inc. grew its stake in shares of Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 3,179 shares during the period. Finally, James Investment Research Inc. increased its holdings in Global Self Storage by 54.5% in the third quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Up 1.6%

SELF stock opened at $5.10 on Monday. The company has a market cap of $57.83 million, a P/E ratio of 31.88 and a beta of -0.01. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.89. The business has a fifty day moving average of $5.05 and a 200-day moving average of $5.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, Global Self Storage has a consensus 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.