Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Update

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant growth in short interest in 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.

Institutional Trading of Global Self Storage

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in Global Self Storage during the 4th quarter worth approximately $42,000. Core Wealth Partners LLC bought a new stake in shares of Global Self Storage in the first quarter worth $44,000. Finally, Dimensional Fund Advisors LP increased its holdings in Global Self Storage by 4.0% in 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 during the period. 28.88% of the stock is currently owned by institutional investors.

Global Self Storage Price Performance

Shares of SELF remained flat at $5.15 during trading hours on Friday. The stock had a trading volume of 24,410 shares, compared to its average volume of 18,435. Global Self Storage has a one year low of $4.01 and a one year high of $5.85. The company has a market cap of $58.04 million, a PE ratio of 27.11 and a beta of 0.25. The stock has a 50 day moving average price of $5.11 and a 200-day moving average price of $4.81.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Tuesday, September 17th. Global Self Storage’s payout ratio is 152.64%.

About Global Self Storage

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.