Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Declines By 30.4%

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 9,600 shares, a decrease of 30.4% from the June 30th total of 13,800 shares. Based on an average daily volume of 62,400 shares, the short-interest ratio is currently 0.2 days.

Insider Activity

In other Global Self Storage news, CEO Mark Campbell Winmill acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $4.97 per share, with a total value of $99,400.00. Following the transaction, the chief executive officer now owns 287,494 shares of the company’s stock, valued at $1,428,845.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 23,641 shares of company stock valued at $117,257 in the last quarter. Insiders own 7.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC acquired a new stake in Global Self Storage during the 4th quarter worth approximately $42,000. Core Wealth Partners LLC purchased a new position in Global Self Storage in the first quarter valued at $44,000. Finally, Victory Capital Management Inc. purchased a new position in Global Self Storage in the fourth quarter valued at $79,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Performance

Shares of SELF traded up $0.08 during midday trading on Friday, hitting $5.11. 10,110 shares of the stock were exchanged, compared to its average volume of 19,825. Global Self Storage has a 52-week low of $4.01 and a 52-week high of $5.85. The stock has a fifty day simple moving average of $4.91 and a 200 day simple moving average of $4.58. The firm has a market cap of $57.54 million, a P/E ratio of 26.90 and a beta of 0.24.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.072 per share. The ex-dividend date was Monday, June 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.64%. Global Self Storage’s dividend payout ratio (DPR) is presently 152.64%.

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.