Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Update

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 16,100 shares, an increase of 43.8% from the January 15th total of 11,200 shares. Based on an average daily volume of 17,300 shares, the short-interest ratio is presently 0.9 days.

Global Self Storage Stock Up 0.3 %

Shares of NASDAQ SELF traded up $0.02 during trading hours on Wednesday, hitting $5.17. The company had a trading volume of 7,854 shares, compared to its average volume of 16,308. The stock has a market capitalization of $58.22 million, a P/E ratio of 19.13 and a beta of 0.24. The firm's 50 day moving average is $5.16 and its 200-day moving average is $5.13. Global Self Storage has a 1-year low of $4.01 and a 1-year high of $5.85.

Global Self Storage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.0725 dividend. This is a boost from Global Self Storage's previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Monday, December 16th. Global Self Storage's dividend payout ratio is currently 107.41%.

Institutional Investors Weigh In On Global Self Storage

A number of institutional investors have recently modified their holdings of the business. Crossingbridge Advisors LLC acquired a new position in shares of Global Self Storage in the 3rd quarter valued at approximately $526,000. AlphaCentric Advisors LLC acquired a new position in shares of Global Self Storage during the fourth quarter worth $270,000. Baker Ellis Asset Management LLC raised its position in Global Self Storage by 20.0% during the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider's stock worth $128,000 after purchasing an additional 4,000 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Global Self Storage in the fourth quarter worth approximately $66,000. Finally, Winmill & CO. Inc. lifted its position in shares of Global Self Storage by 8.3% in the 4th quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider's stock worth $2,451,000 after purchasing an additional 35,096 shares during the period. Institutional investors 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.