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

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

Global Self Storage Trading Down 1.8%

SELF traded down $0.10 during trading on Thursday, hitting $5.16. 4,564 shares of the company’s stock traded hands, compared to its average volume of 27,372. The company’s 50 day simple moving average is $5.23 and its two-hundred day simple moving average is $5.14. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.63. The stock has a market capitalization of $58.88 million and a price-to-earnings ratio of 30.32.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings results 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). The business had revenue of $3.17 million during the quarter, compared to analysts’ expectations of $3.08 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.

Global Self Storage Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently bought and sold shares of SELF. Hsbc Holdings PLC purchased a new stake in shares of Global Self Storage during the 1st quarter valued at about $88,000. Private Capital Management LLC bought a new position in Global Self Storage during the fourth quarter valued at approximately $61,000. Royal Bank of Canada purchased a new stake in Global Self Storage in the fourth quarter worth approximately $129,000. 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 worth $2,991,000 after purchasing an additional 71,907 shares during the last quarter. Finally, Crossingbridge Advisors LLC grew its position in Global Self Storage by 3,427.1% in the 4th quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 34,271 shares during the period. Institutional investors 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.