Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Increases By 51.2%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 12,400 shares, an increase of 51.2% from the August 15th total of 8,200 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Global Self Storage

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 2,152 shares in the last quarter. Core Wealth Partners LLC bought a new position in shares of Global Self Storage in the 1st quarter valued at about $44,000. Creekmur Asset Management LLC bought a new position in shares of Global Self Storage in the 4th quarter valued at about $42,000. Finally, Victory Capital Management Inc. bought a new position in shares of Global Self Storage in the 4th quarter valued at about $79,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Price Performance

Shares of NASDAQ SELF opened at $5.18 on Monday. The stock has a market capitalization of $58.38 million, a price-to-earnings ratio of 27.26 and a beta of 0.25. The business has a 50-day moving average of $5.06 and a 200-day moving average of $4.75. Global Self Storage has a fifty-two week low of $4.01 and a fifty-two week high of $5.85.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be issued a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, September 17th. Global Self Storage’s payout ratio is 152.64%.

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.