Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Declines By 67.5%

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 6,300 shares, a decline of 67.5% from the May 31st total of 19,400 shares. Based on an average daily volume of 63,000 shares, the short-interest ratio is presently 0.1 days.

Global Self Storage Stock Up 1.7 %

Shares of Global Self Storage stock traded up $0.08 during trading on Thursday, reaching $4.76. The company’s stock had a trading volume of 10,964 shares, compared to its average volume of 49,458. Global Self Storage has a 12-month low of $4.01 and a 12-month high of $5.85. The company has a market capitalization of $53.60 million, a P/E ratio of 25.05 and a beta of 0.25. The business has a 50 day moving average price of $4.75 and a 200-day moving average price of $4.53.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.05%. Global Self Storage’s dividend payout ratio (DPR) is presently 152.64%.

Insider Activity

In related news, CEO Mark Campbell Winmill bought 20,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $4.97 per share, with a total value of $99,400.00. Following the completion of the acquisition, the chief executive officer now owns 287,494 shares in the company, valued at approximately $1,428,845.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 23,641 shares of company stock valued at $117,257. Company insiders own 7.97% of the company’s stock.

Institutional Trading of Global Self Storage

A number of institutional investors have recently modified their holdings of the business. Creekmur Asset Management LLC purchased a new stake in shares of Global Self Storage in the fourth quarter valued at approximately $42,000. Core Wealth Partners LLC purchased a new stake in shares of Global Self Storage in the first quarter valued at approximately $44,000. Victory Capital Management Inc. purchased a new stake in shares of Global Self Storage in the fourth quarter valued at approximately $79,000. Towneley Capital Management Inc DE purchased a new stake in shares of Global Self Storage in the fourth quarter valued at approximately $200,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Global Self Storage in the third quarter valued at approximately $343,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

About Global Self Storage

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.