Global Self Storage, Inc. (NASDAQ:SELF) Sees Large Growth in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 148,276 shares, a growth of 744.1% from the April 15th total of 17,567 shares. Based on an average daily trading volume, of 37,360 shares, the short-interest ratio is currently 4.0 days. Currently, 1.5% of the shares of the company are sold short.

Global Self Storage Stock Performance

Shares of SELF stock remained flat at $5.33 during midday trading on Tuesday. 1,428 shares of the company’s stock were exchanged, compared to its average volume of 31,831. Global Self Storage has a one year low of $4.73 and a one year high of $5.83. The stock has a market capitalization of $60.92 million, a P/E ratio of 31.35 and a beta of 0.02. The business has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.11.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Self Storage had a return on equity of 4.18% and a net margin of 15.37%.The company had revenue of $3.17 million for the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, March 16th. Global Self Storage’s payout ratio is 170.59%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Global Self Storage

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in shares of Global Self Storage by 158.3% in the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 27,914 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Global Self Storage by 20.4% in the 2nd 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 in the last quarter. James Investment Research Inc. raised its holdings in shares of Global Self Storage by 54.5% in the 3rd quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 8,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Global Self Storage by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,032 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Global Self Storage in the 3rd quarter worth approximately $54,000. 28.88% of the stock is currently owned by institutional investors.

Global Self Storage Company Profile

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.