Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 26.9% in February

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 18,400 shares, an increase of 26.9% from the February 13th total of 14,500 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 1.2 days.

Global Self Storage Price Performance

NASDAQ:SELF traded up $0.06 on Monday, reaching $5.14. The stock had a trading volume of 816 shares, compared to its average volume of 15,620. The company has a market cap of $57.87 million, a price-to-earnings ratio of 19.02 and a beta of 0.26. The firm’s fifty day moving average is $5.14 and its two-hundred day moving average is $5.14. Global Self Storage has a 12-month low of $4.15 and a 12-month high of $5.85.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.0725 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.29 annualized dividend and a yield of 5.65%. Global Self Storage’s payout ratio is 107.41%.

Institutional Trading of Global Self Storage

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Global Self Storage during the fourth quarter worth approximately $66,000. Bailard Inc. acquired a new position in Global Self Storage in the fourth quarter worth $126,000. Baker Ellis Asset Management LLC lifted its stake in Global Self Storage by 20.0% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $128,000 after buying an additional 4,000 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in Global Self Storage in the fourth quarter valued at $270,000. Finally, Crossingbridge Advisors LLC bought a new stake in Global Self Storage in the third quarter valued at $526,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

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.