Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Drops By 36.0%

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 68,491 shares, a drop of 36.0% from the May 31st total of 106,934 shares. Based on an average daily trading volume, of 14,052 shares, the days-to-cover ratio is presently 4.9 days. Approximately 0.7% of the shares of the stock are short sold.

Global Self Storage Price Performance

SELF opened at $5.22 on Friday. The stock has a market capitalization of $59.61 million and a P/E ratio of 30.71. The company’s 50 day simple moving average is $5.23 and its 200-day simple moving average is $5.15. Global Self Storage has a one year low of $4.73 and a one year high of $5.63.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.The company had revenue of $3.17 million during the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Global Self Storage’s dividend payout ratio (DPR) is 170.59%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Global Self Storage

Large investors have recently made changes to their positions in the company. Winmill & CO. Inc. boosted its holdings in Global Self Storage by 14.0% in the fourth quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock valued at $2,991,000 after acquiring an additional 71,907 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in Global Self Storage in the fourth quarter worth about $250,000. Citadel Advisors LLC bought a new stake in Global Self Storage during the 3rd quarter worth about $197,000. AlphaCentric Advisors LLC bought a new stake in Global Self Storage during the 4th quarter worth about $180,000. Finally, Crossingbridge Advisors LLC lifted its position in Global Self Storage by 3,427.1% during the 4th quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 34,271 shares during the period. Institutional investors and hedge funds own 28.88% of the company’s stock.

Global Self Storage Company Profile

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.