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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 42,776 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Global Self Storage presently has a consensus rating of “Hold”.

Institutional Trading of Global Self Storage

Several institutional investors and hedge funds have recently bought and sold shares of SELF. Royal Bank of Canada bought a new position in Global Self Storage in the 4th quarter valued at $129,000. Winmill & CO. Inc. raised its position 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 worth $2,991,000 after buying an additional 71,907 shares in the last quarter. Crossingbridge Advisors LLC boosted its stake in Global Self Storage by 3,427.1% during the fourth quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock valued at $178,000 after buying an additional 34,271 shares during the period. Commonwealth Equity Services LLC purchased a new position in Global Self Storage during the fourth quarter worth about $118,000. Finally, AlphaCentric Advisors LLC bought a new position in Global Self Storage in the 4th quarter worth about $180,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Global Self Storage Stock Down 0.2%

Shares of NASDAQ:SELF traded down $0.01 during midday trading on Tuesday, reaching $4.98. 81,618 shares of the company traded hands, compared to its average volume of 32,168. The firm’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $5.07. The firm has a market capitalization of $56.47 million, a price-to-earnings ratio of 31.13 and a beta of 0.01. Global Self Storage has a 12 month low of $4.73 and a 12 month high of $5.89.

Global Self Storage Announces Dividend

The company 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 was Monday, December 15th. Global Self Storage’s dividend payout ratio (DPR) is 181.25%.

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.