Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Down 19.0% in March

Global Self Storage, Inc. (NASDAQ:SELF) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 14,900 shares, a decrease of 19.0% from the February 28th total of 18,400 shares. Based on an average daily volume of 15,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SELF. Raymond James Financial Inc. bought a new position in shares of Global Self Storage during the fourth quarter valued at approximately $66,000. Bailard Inc. purchased a new stake in shares of Global Self Storage in the 4th quarter worth approximately $126,000. Baker Ellis Asset Management LLC increased 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 valued at $128,000 after buying an additional 4,000 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in Global Self Storage during the fourth quarter valued at $270,000. Finally, Crossingbridge Advisors LLC boosted its holdings in Global Self Storage by 49.8% in the fourth quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 50,295 shares in the last quarter. 28.88% of the stock is owned by hedge funds and other institutional investors.

Global Self Storage Stock Performance

SELF stock opened at $5.05 on Monday. The firm has a market cap of $56.91 million, a P/E ratio of 18.70 and a beta of 0.26. The firm’s fifty day moving average is $5.13 and its 200 day moving average is $5.13. Global Self Storage has a 52 week low of $4.15 and a 52 week high of $5.85.

Global Self Storage (NASDAQ:SELF) last announced its quarterly earnings data on Wednesday, March 26th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. Global Self Storage had a return on equity of 6.55% and a net margin of 25.47%. The firm had revenue of $3.19 million for the quarter.

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 paid a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend is Monday, March 17th. Global Self Storage’s payout ratio is 161.11%.

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.