Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Declines By 16.1%

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 23,400 shares, a decline of 16.1% from the September 30th total of 27,900 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Global Self Storage

Institutional investors have recently modified their holdings of the stock. Northwest Capital Management Inc acquired a new stake in Global Self Storage during the 3rd quarter worth $4,734,000. Core Wealth Partners LLC purchased a new stake in shares of Global Self Storage in the 1st quarter valued at about $44,000. Finally, Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 2,152 shares during the period. Hedge funds and other institutional investors own 28.88% of the company's stock.

Global Self Storage Price Performance

Shares of SELF traded down $0.03 during mid-day trading on Monday, reaching $5.03. The company's stock had a trading volume of 5,083 shares, compared to its average volume of 36,919. Global Self Storage has a 12-month low of $4.01 and a 12-month high of $5.85. The stock has a market cap of $56.69 million, a PE ratio of 26.48 and a beta of 0.25. The company's 50 day moving average is $5.12 and its 200 day moving average is $4.92.

Global Self Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.73%. Global Self Storage's payout ratio is currently 152.64%.

Analyst Ratings Changes

Separately, Alliance Global Partners assumed coverage on shares of Global Self Storage in a report on Friday, October 18th. They issued a "buy" rating and a $6.50 price objective on the stock.

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.