Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 744.1% in April

Global Self Storage, Inc. (NASDAQ:SELFGet Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 148,276 shares, a growth of 744.1% from the April 15th total of 17,567 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 37,360 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Check Out Our Latest Stock Report on Global Self Storage

Global Self Storage Price Performance

Global Self Storage stock traded up $0.01 during trading on Wednesday, reaching $5.32. 5,312 shares of the company were exchanged, compared to its average volume of 27,399. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.83. The company has a market capitalization of $60.75 million, a P/E ratio of 31.29 and a beta of 0.02. The stock’s 50 day simple moving average is $5.24 and its two-hundred day simple moving average is $5.11.

Global Self Storage (NASDAQ:SELFGet Free Report) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.08 million.

Global Self Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.0725 per share. The ex-dividend date was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a yield of 5.5%. Global Self Storage’s dividend payout ratio (DPR) is presently 170.59%.

Institutional Investors Weigh In On Global Self Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in Global Self Storage in the third quarter valued at $159,000. Raymond James Financial Inc. raised its position in Global Self Storage by 45.1% in the third quarter. Raymond James Financial Inc. now owns 27,220 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 8,462 shares during the period. Royal Bank of Canada purchased a new stake in Global Self Storage in the fourth quarter valued at $129,000. NewEdge Advisors LLC raised its position in Global Self Storage by 54.5% in the third quarter. NewEdge Advisors LLC 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 period. Finally, Commonwealth Equity Services LLC purchased a new stake in Global Self Storage in the fourth quarter valued at $118,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

(Get Free Report)

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.

Further Reading

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