Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 18.1% in March

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 17,799 shares, a growth of 18.1% from the February 26th total of 15,074 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,173 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a research report on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Global Self Storage Price Performance

Shares of SELF stock opened at $5.11 on Wednesday. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.89. The firm has a market capitalization of $57.95 million, a price-to-earnings ratio of 28.39 and a beta of -0.01. The business has a 50 day simple moving average of $5.07 and a 200 day simple moving average of $5.05.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Thursday, March 26th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Self Storage had a net margin of 16.04% and a return on equity of 4.34%. The business had revenue of $3.16 million for the quarter, compared to the consensus estimate of $3.13 million.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, March 16th. Global Self Storage’s payout ratio is currently 161.11%.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors and hedge funds have recently bought and sold shares of SELF. Easterly Investment Partners LLC bought a new stake in shares of Global Self Storage during the 4th quarter worth about $250,000. Dimensional Fund Advisors LP lifted its stake in shares of Global Self Storage by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,032 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of Global Self Storage in the fourth quarter valued at approximately $180,000. Crossingbridge Advisors LLC boosted its holdings in shares of Global Self Storage by 3,427.1% in the fourth quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 34,271 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Global Self Storage during the third quarter valued at approximately $159,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

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.