Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Decreases By 36.0%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 68,491 shares, a decline of 36.0% from the May 31st total of 106,934 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 14,052 shares, the days-to-cover ratio is presently 4.9 days.

Global Self Storage Stock Down 0.6%

Shares of NASDAQ SELF opened at $5.22 on Friday. The company has a market capitalization of $59.61 million and a PE ratio of 30.71. The stock’s 50 day moving average price is $5.23 and its 200-day moving average price is $5.15. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.63.

Global Self Storage (NASDAQ:SELF) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $3.17 million for the quarter, compared to analysts’ expectations of $3.08 million. Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.29 annualized dividend and a dividend yield of 5.6%. Global Self Storage’s dividend payout ratio (DPR) is currently 170.59%.

Hedge Funds Weigh In On Global Self Storage

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Global Self Storage by 3.4% during 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. Geode Capital Management LLC raised its stake in Global Self Storage by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 2,867 shares during the period. Raymond James Financial Inc. lifted its holdings in Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,179 shares during the last quarter. PFG Investments LLC lifted its holdings in Global Self Storage by 12.3% during the fourth quarter. PFG Investments LLC now owns 35,194 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 3,842 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its position in Global Self Storage by 18.2% during the fourth quarter. Baker Ellis Asset Management LLC now owns 39,000 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 6,000 shares during the period. 28.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Global Self Storage currently has a consensus rating of “Hold”.

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.