Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 23.2% in December

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 16,792 shares, a growth of 23.2% from the December 15th total of 13,626 shares. Based on an average trading volume of 49,467 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 49,467 shares, the short-interest ratio is currently 0.3 days.

Global Self Storage Trading Down 1.0%

NASDAQ:SELF opened at $5.02 on Tuesday. The company has a 50-day moving average price of $5.07 and a 200-day moving average price of $5.11. The stock has a market cap of $56.93 million, a price-to-earnings ratio of 31.38 and a beta of 0.01. Global Self Storage has a 12 month low of $4.73 and a 12 month high of $5.89.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $3.23 million during the quarter. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.

Global Self Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, December 15th. Global Self Storage’s dividend payout ratio (DPR) is presently 181.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Global Self Storage

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Global Self Storage by 54.5% during the third quarter. NewEdge Advisors LLC now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 8,500 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Global Self Storage in the 3rd quarter valued at $159,000. Citadel Advisors LLC bought a new stake in shares of Global Self Storage in the third quarter worth about $197,000. Raymond James Financial Inc. raised its holdings in shares of Global Self Storage by 45.1% during the 3rd quarter. Raymond James Financial Inc. now owns 27,220 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 8,462 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Global Self Storage during the third quarter valued at $54,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

About Global Self Storage

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.