Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Down 20.2% in November

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 16,200 shares, a decrease of 20.2% from the October 31st total of 20,300 shares. Based on an average trading volume of 16,800 shares, the short-interest ratio is presently 1.0 days.

Global Self Storage Stock Down 1.6 %

Shares of SELF traded down $0.08 during mid-day trading on Friday, hitting $5.07. 9,608 shares of the company’s stock traded hands, compared to its average volume of 34,787. The firm has a market capitalization of $57.14 million, a P/E ratio of 18.78 and a beta of 0.26. The business’s 50-day moving average price is $5.09 and its 200-day moving average price is $5.03. Global Self Storage has a 1 year low of $4.01 and a 1 year high of $5.85.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Tuesday, September 17th. Global Self Storage’s payout ratio is currently 107.41%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised 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 worth $272,000 after acquiring an additional 2,152 shares in the last quarter. Crossingbridge Advisors LLC purchased a new stake in Global Self Storage in the third quarter worth $526,000. Finally, Northwest Capital Management Inc purchased a new stake in Global Self Storage in the third quarter worth $4,734,000. 28.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on Global Self Storage in a research note on Friday, October 18th. They issued a “buy” rating and a $6.50 target price 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.