Global Self Storage, Inc. (NASDAQ:SELF) Stock Short Interest Rises 72.2%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 49,836 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Global Self Storage Stock Performance

Shares of SELF stock traded down $0.12 on Thursday, reaching $4.95. 7,355 shares of the company’s stock traded hands, compared to its average volume of 28,480. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.75. The company has a market capitalization of $56.56 million, a P/E ratio of 27.51 and a beta of -0.02. The business’s 50 day moving average price is $5.16 and its two-hundred day moving average price is $5.19.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings results 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. The firm had revenue of $3.21 million for the quarter, compared to analyst estimates of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.0725 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.29 dividend on an annualized basis and a yield of 5.9%. Global Self Storage’s dividend payout ratio (DPR) is presently 161.11%.

Hedge Funds Weigh In On Global Self Storage

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

Analyst Upgrades and Downgrades

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

About Global Self Storage

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.