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

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large increase in short interest during 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 1.2 days.

Global Self Storage Price Performance

Global Self Storage stock opened at $5.10 on Wednesday. The firm has a market cap of $57.48 million, a price-to-earnings ratio of 18.89 and a beta of 0.26. Global Self Storage has a fifty-two week low of $4.15 and a fifty-two week high of $5.85. The firm has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $5.14.

Global Self Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date is Monday, March 17th. Global Self Storage’s dividend payout ratio is 107.41%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Global Self Storage during the 4th quarter worth $66,000. Bailard Inc. acquired a new position in Global Self Storage during the 4th quarter worth $126,000. Baker Ellis Asset Management LLC lifted its position in 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 worth $128,000 after acquiring an additional 4,000 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Global Self Storage during the 4th quarter worth about $270,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Global Self Storage during the 3rd quarter worth about $526,000. Institutional investors and hedge funds 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.