Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Down 32.1% in December

Global Self Storage, Inc. (NASDAQ:SELF) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 11,200 shares, a drop of 32.1% from the December 15th total of 16,500 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Global Self Storage

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Global Self Storage by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 2,152 shares in the last quarter. Northwest Capital Management Inc purchased a new position in Global Self Storage during the 3rd quarter worth $4,734,000. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Global Self Storage during the third quarter valued at about $526,000. 28.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on shares of Global Self Storage in a research report on Friday, October 18th. They issued a “buy” rating and a $6.50 price objective for the company.

Global Self Storage Trading Up 1.0 %

Shares of NASDAQ SELF traded up $0.05 during trading hours on Thursday, reaching $5.14. The stock had a trading volume of 10,164 shares, compared to its average volume of 12,956. The business’s fifty day moving average price is $5.17 and its two-hundred day moving average price is $5.10. The firm has a market cap of $57.93 million, a price-to-earnings ratio of 19.04 and a beta of 0.24. Global Self Storage has a 52-week low of $4.01 and a 52-week high of $5.85.

Global Self Storage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.0725 per share. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.64%. Global Self Storage’s dividend payout ratio is presently 107.41%.

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.