Global Self Storage, Inc. (NASDAQ:SELF) Stock Short Interest Report for September

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 28,805 shares, a growth of 72.2% from the September 15th total of 16,728 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 49,836 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Global Self Storage presently has a consensus rating of “Hold”.

Global Self Storage Price Performance

Shares of NASDAQ SELF traded down $0.08 during trading hours on Friday, hitting $4.91. 29,446 shares of the company’s stock were exchanged, compared to its average volume of 42,902. The company’s 50-day moving average price is $5.15 and its 200-day moving average price is $5.19. Global Self Storage has a 1-year low of $4.80 and a 1-year high of $5.75. The stock has a market capitalization of $56.07 million, a price-to-earnings ratio of 27.28 and a beta of -0.02.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%. The company had revenue of $3.21 million during the quarter, compared to analysts’ expectations of $3.15 million.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Wednesday, September 16th. Global Self Storage’s dividend payout ratio is presently 161.11%.

Institutional Investors Weigh In On Global Self Storage

Several institutional investors and hedge funds have recently bought and sold shares of SELF. Bard Associates Inc. acquired a new position in shares of Global Self Storage in the 2nd quarter valued at $82,000. Hsbc Holdings PLC acquired a new stake in shares of Global Self Storage during the 1st quarter valued at about $88,000. Man Group plc bought a new stake in Global Self Storage in the second quarter valued at about $140,000. BlackRock Inc. bought a new stake in Global Self Storage in the second quarter valued at about $2,083,000. Finally, Winmill & CO. Inc. bought a new stake in Global Self Storage in the second quarter valued at about $3,073,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

Global Self Storage, Inc (NASDAQ:SELF) is a self-administered and self-managed real estate investment trust (REIT) focused on owning, operating, acquiring and developing self-storage facilities in the United States. Its properties provide individuals and businesses with space to store household goods, personal belongings, business inventory, vehicles and other items.

The company generates revenue primarily from rental income. Its facilities generally offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, security systems, online rentals and payment services.