Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 26.9% in February

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 18,400 shares, an increase of 26.9% from the February 13th total of 14,500 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.

Global Self Storage Stock Performance

SELF traded up $0.06 during trading on Monday, reaching $5.14. The company had a trading volume of 816 shares, compared to its average volume of 15,620. The firm’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $5.14. The company has a market cap of $57.87 million, a price-to-earnings ratio of 19.02 and a beta of 0.26. Global Self Storage has a 12-month low of $4.15 and a 12-month high of $5.85.

Global Self Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0725 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.65%. Global Self Storage’s dividend payout ratio is currently 107.41%.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors have recently bought and sold shares of SELF. Baker Ellis Asset Management LLC lifted its holdings in shares of Global Self Storage by 20.0% during the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $128,000 after buying an additional 4,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Global Self Storage during the 4th quarter valued at about $66,000. Bailard Inc. acquired a new stake in Global Self Storage in the 4th quarter worth approximately $126,000. Winmill & CO. Inc. boosted its position in Global Self Storage by 8.3% during the fourth quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider’s stock worth $2,451,000 after purchasing an additional 35,096 shares during the period. Finally, Crossingbridge Advisors LLC lifted its position in Global Self Storage by 49.8% during the 4th quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 50,295 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

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.