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

Global Self Storage, Inc. (NASDAQ:SELF) was the target 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 days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SELF. Raymond James Financial Inc. bought a new stake in Global Self Storage in the fourth quarter valued at about $66,000. Bailard Inc. bought a new stake in Global Self Storage in the fourth quarter valued at about $126,000. Baker Ellis Asset Management LLC increased its stake in Global Self Storage by 20.0% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 4,000 shares during the period. AlphaCentric Advisors LLC bought a new stake in Global Self Storage in the fourth quarter valued at about $270,000. Finally, Crossingbridge Advisors LLC bought a new stake in Global Self Storage in the third quarter valued at about $526,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Down 0.8 %

NASDAQ SELF opened at $5.10 on Wednesday. The stock has a market cap of $57.48 million, a P/E ratio of 18.89 and a beta of 0.26. The company’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $5.14. Global Self Storage has a twelve month low of $4.15 and a twelve month high of $5.85.

Global Self Storage Announces Dividend

The firm also recently announced 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 of this dividend is Monday, March 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.69%. Global Self Storage’s payout ratio is currently 107.41%.

About Global Self Storage

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.