Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Rises By 72.6%

Global Self Storage, Inc. (NASDAQ:SELF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 16,400 shares, an increase of 72.6% from the February 29th total of 9,500 shares. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.5 days.

Global Self Storage Trading Up 1.6 %

NASDAQ:SELF traded up $0.07 during trading hours on Thursday, hitting $4.45. 22,093 shares of the company traded hands, compared to its average volume of 34,988. The stock has a market capitalization of $49.57 million, a price-to-earnings ratio of 17.12 and a beta of 0.20. The firm has a 50-day moving average of $4.33 and a 200 day moving average of $4.56. Global Self Storage has a twelve month low of $4.01 and a twelve month high of $5.44.

Global Self Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.072 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.29 annualized dividend and a yield of 6.47%. Global Self Storage’s dividend payout ratio is 111.54%.

Institutional Trading of Global Self Storage

Institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in Global Self Storage by 620.9% in the first quarter. Advisor Group Holdings Inc. now owns 77,428 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 66,688 shares during the period. Acadian Asset Management LLC raised its stake in shares of Global Self Storage by 144.0% in the first quarter. Acadian Asset Management LLC now owns 22,095 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 13,038 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in Global Self Storage in the 1st quarter valued at $79,000. Northern Trust Corp increased its stake in shares of Global Self Storage by 55.5% in the first quarter. Northern Trust Corp now owns 20,907 shares of the financial services provider’s stock valued at $117,000 after buying an additional 7,461 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Global Self Storage by 10.0% during the 1st quarter. Renaissance Technologies LLC now owns 134,361 shares of the financial services provider’s stock worth $752,000 after acquiring an additional 12,161 shares during the last quarter. Institutional investors and hedge funds own 28.88% of the company’s stock.

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.