Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Down 75.7% in July

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 20,099 shares, a decline of 75.7% from the July 15th total of 82,751 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 21,170 shares, the short-interest ratio is currently 0.9 days.

Global Self Storage Stock Up 0.6%

Shares of SELF stock traded up $0.03 on Thursday, hitting $5.16. The stock had a trading volume of 21,861 shares, compared to its average volume of 26,589. Global Self Storage has a one year low of $4.73 and a one year high of $5.63. The business has a 50 day moving average price of $5.14 and a 200 day moving average price of $5.16. The company has a market cap of $58.93 million and a PE ratio of 28.67.

Global Self Storage (NASDAQ:SELF) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Global Self Storage had a net margin of 16.64% and a return on equity of 4.56%. The business had revenue of $3.21 million for the quarter, compared to the consensus estimate of $3.15 million.

Global Self Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0725 per share. The ex-dividend date was Monday, June 15th. This represents a $0.29 dividend on an annualized basis and a yield of 5.6%. Global Self Storage’s dividend payout ratio is currently 161.11%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Global Self Storage presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SELF. Virtu Financial LLC purchased a new stake in shares of Global Self Storage during the 3rd quarter worth $54,000. Private Capital Management LLC purchased a new stake in shares of Global Self Storage during the fourth quarter valued at about $61,000. Bard Associates Inc. bought a new stake in shares of Global Self Storage in the 2nd quarter valued at about $82,000. Hsbc Holdings PLC bought a new stake in shares of Global Self Storage in the 1st quarter valued at about $88,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Global Self Storage in the 4th quarter worth approximately $99,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

About Global Self Storage

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.