Global Self Storage, Inc. (NASDAQ:SELF) Stock Short Interest Jumps 72.2%

Global Self Storage, Inc. (NASDAQ:SELF – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 28,805 shares, a growth of 72.2% from the September 15th total of 16,728 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 49,836 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new stake in Global Self Storage during the 2nd quarter worth about $82,000. Hsbc Holdings PLC acquired a new position in shares of Global Self Storage in the first quarter worth about $88,000. Man Group plc acquired a new position in shares of Global Self Storage in the second quarter worth about $140,000. BlackRock Inc. acquired a new position in shares of Global Self Storage in the second quarter worth about $2,083,000. Finally, Winmill & CO. Inc. purchased a new position in shares of Global Self Storage in the second quarter worth approximately $3,073,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Global Self Storage Stock Down 2.3%

NASDAQ SELF traded down $0.12 on Thursday, reaching $4.95. 7,355 shares of the stock traded hands, compared to its average volume of 28,480. The firm’s fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.19. The company has a market cap of $56.56 million, a price-to-earnings ratio of 27.51 and a beta of -0.02. Global Self Storage has a 12 month low of $4.73 and a 12 month high of $5.75.

Global Self Storage (NASDAQ:SELF – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%. The company had revenue of $3.21 million for the quarter, compared to analysts’ expectations of $3.15 million.

Global Self Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Wednesday, September 16th. Global Self Storage’s dividend payout ratio (DPR) is presently 161.11%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Report on Global Self Storage

Global Self Storage Company Profile

(Get Free Report)

Global Self Storage, Inc (NASDAQ:SELF) is a self-administered and self-managed real estate investment trust (REIT) focused on owning, operating, acquiring and developing self-storage facilities in the United States. Its properties provide individuals and businesses with space to store household goods, personal belongings, business inventory, vehicles and other items.

The company generates revenue primarily from rental income. Its facilities generally offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, security systems, online rentals and payment services.

Further Reading

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