Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 18.1% in March

Key Points

• Short interest rose 18.1% in March to 17,799 shares (about 0.2% of shares), leaving a short-interest ratio of just 0.6 days based on average trading volume.
• Global Self Storage missed EPS expectations, reporting $0.03 vs. a $0.06 consensus while revenue was $3.16M (slightly above estimates); the company also declared a quarterly dividend of $0.0725 (a 5.7% yield) but with a payout ratio of 161.11%.
• The stock trades near $5.06 with a market cap of roughly $57M and a P/E of 28.1, and institutional investors own about 28.9% after several firms initiated or increased positions.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 17,799 shares, an increase of 18.1% from the February 26th total of 15,074 shares. Based on an average trading volume of 28,173 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company's shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Global Self Storage in a research report on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Global Self Storage has an average rating of "Hold".

Global Self Storage Stock Up 0.6%

NASDAQ SELF traded up $0.03 during trading hours on Tuesday, hitting $5.06. 19,408 shares of the company were exchanged, compared to its average volume of 32,467. The firm has a market cap of $57.38 million, a price-to-earnings ratio of 28.11 and a beta of -0.01. The company has a 50 day moving average of $5.07 and a two-hundred day moving average of $5.05. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.89.

Global Self Storage (NASDAQ:SELF - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $3.16 million during the quarter, compared to analysts' expectations of $3.13 million. Global Self Storage had a net margin of 16.04% and a return on equity of 4.34%.

Global Self Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 16th. Global Self Storage's dividend payout ratio (DPR) is 161.11%.

Hedge Funds Weigh In On Global Self Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Global Self Storage in the third quarter valued at approximately $54,000. Private Capital Management LLC acquired a new position in shares of Global Self Storage in the 4th quarter valued at $61,000. Raymond James Financial Inc. boosted its holdings in shares of Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider's stock valued at $100,000 after buying an additional 3,179 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Global Self Storage in the 4th quarter valued at $99,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Global Self Storage in the 4th quarter valued at $118,000. 28.88% of the stock is owned by institutional investors and hedge funds.

Global Self Storage Company Profile

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.

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