Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Expands By 56.5%

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 19,400 shares, a growth of 56.5% from the August 31st total of 12,400 shares. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is presently 0.9 days.

Global Self Storage Stock Performance

SELF opened at $5.15 on Friday. The stock’s 50 day moving average price is $5.10 and its 200-day moving average price is $4.80. Global Self Storage has a one year low of $4.01 and a one year high of $5.85. The stock has a market cap of $58.04 million, a price-to-earnings ratio of 27.11 and a beta of 0.25.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 5.59%. The ex-dividend date is Tuesday, September 17th. Global Self Storage’s dividend payout ratio (DPR) is presently 152.64%.

Institutional Trading of Global Self Storage

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC bought a new position in shares of Global Self Storage in the fourth quarter worth about $42,000. Core Wealth Partners LLC bought a new stake in Global Self Storage during the 1st quarter valued at about $44,000. Finally, Dimensional Fund Advisors LP boosted its position in Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after buying an additional 2,152 shares during the period. Hedge funds and other institutional investors 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.