Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Expands By 143.7%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,200 shares, a growth of 143.7% from the March 31st total of 8,700 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Global Self Storage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new stake in Global Self Storage during the 4th quarter worth $42,000. Core Wealth Partners LLC bought a new stake in shares of Global Self Storage in the 1st quarter worth about $44,000. Victory Capital Management Inc. bought a new stake in shares of Global Self Storage in the 4th quarter worth about $79,000. Balboa Wealth Partners increased its position in shares of Global Self Storage by 48.5% in the 3rd quarter. Balboa Wealth Partners now owns 16,259 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 5,309 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Global Self Storage in the 3rd quarter worth about $156,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Price Performance

Global Self Storage stock traded up $0.06 during midday trading on Friday, hitting $4.26. 13,264 shares of the stock were exchanged, compared to its average volume of 16,466. Global Self Storage has a 1 year low of $4.01 and a 1 year high of $5.25. The firm has a market cap of $47.50 million, a P/E ratio of 16.39 and a beta of 0.21. The company has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $4.47.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 6.76%. The ex-dividend date was Thursday, March 14th. Global Self Storage’s dividend payout ratio (DPR) is 111.54%.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.