Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Declines By 17.7%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 13,826 shares, a decrease of 17.7% from the December 31st total of 16,792 shares. Based on an average daily trading volume, of 38,195 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 38,195 shares, the short-interest ratio is presently 0.4 days.

Global Self Storage Stock Down 0.2%

Shares of NASDAQ SELF traded down $0.01 during trading on Tuesday, hitting $5.03. The company had a trading volume of 17,000 shares, compared to its average volume of 41,618. The firm has a market capitalization of $57.04 million, a price-to-earnings ratio of 31.44 and a beta of 0.01. The stock has a fifty day simple moving average of $5.07 and a two-hundred day simple moving average of $5.09. Global Self Storage has a fifty-two week low of $4.73 and a fifty-two week high of $5.89.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.10 EPS for the quarter. The company had revenue of $3.23 million during the quarter. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, December 15th. Global Self Storage’s dividend payout ratio (DPR) is currently 181.25%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Global Self Storage

Hedge funds have recently modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Global Self Storage during the 2nd quarter worth approximately $34,000. Virtu Financial LLC acquired a new position in Global Self Storage in the third quarter valued at about $54,000. Raymond James Financial Inc. increased its position in shares of Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 3,179 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Global Self Storage by 103.4% in the 2nd quarter. Ritholtz Wealth Management now owns 21,852 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 11,109 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in Global Self Storage by 54.5% in the 3rd quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

About Global Self Storage

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.