Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 26.9% in February

Global Self Storage, Inc. (NASDAQ:SELF) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 18,400 shares, a growth of 26.9% from the February 13th total of 14,500 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

Global Self Storage Price Performance

Shares of SELF traded down $0.04 during mid-day trading on Tuesday, hitting $5.10. The company’s stock had a trading volume of 8,111 shares, compared to its average volume of 29,546. The firm has a 50-day moving average price of $5.14 and a 200 day moving average price of $5.14. The stock has a market capitalization of $57.48 million, a price-to-earnings ratio of 18.89 and a beta of 0.26. Global Self Storage has a fifty-two week low of $4.15 and a fifty-two week high of $5.85.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, March 17th. Global Self Storage’s dividend payout ratio (DPR) is currently 107.41%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Global Self Storage in the fourth quarter worth approximately $66,000. Bailard Inc. acquired a new stake in Global Self Storage in the fourth quarter valued at approximately $126,000. Baker Ellis Asset Management LLC lifted its stake in Global Self Storage by 20.0% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 4,000 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in Global Self Storage in the fourth quarter valued at approximately $270,000. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Global Self Storage in the third quarter worth $526,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

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.