Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 26.2% in April

Key Points

• Short interest rose 26.2% in April to 17,567 shares (up from 13,925 at March-end), representing 0.2% of shares sold short and a short-interest ratio of 0.5 days based on average volume.
• Global Self Storage missed on earnings, reporting $0.03 EPS for the quarter versus a $0.06 consensus while revenue of $3.16 million was roughly in line with estimates.
• The company pays a quarterly dividend of $0.0725 (annualized yield 5.2%), but the payout ratio is very high at 161.11%, raising sustainability concerns.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,567 shares, an increase of 26.2% from the March 31st total of 13,925 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 33,331 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Global Self Storage in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Global Self Storage by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 2,032 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Global Self Storage by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider's stock valued at $735,000 after acquiring an additional 2,867 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Global Self Storage by 20.4% in the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 3,179 shares during the last quarter. PFG Investments LLC lifted its holdings in Global Self Storage by 12.3% in the fourth quarter. PFG Investments LLC now owns 35,194 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 3,842 shares during the last quarter. Finally, Baker Ellis Asset Management LLC lifted its holdings in Global Self Storage by 18.2% in the fourth quarter. Baker Ellis Asset Management LLC now owns 39,000 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 6,000 shares during the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Global Self Storage Trading Up 3.2%

SELF stock traded up $0.17 during mid-day trading on Wednesday, reaching $5.53. The company's stock had a trading volume of 62,475 shares, compared to its average volume of 33,497. The stock has a market cap of $62.72 million, a PE ratio of 30.72 and a beta of -0.03. Global Self Storage has a fifty-two week low of $4.73 and a fifty-two week high of $5.89. The company's 50 day moving average is $5.18 and its two-hundred day moving average is $5.09.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The financial services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The business had revenue of $3.16 million during the quarter, compared to analyst estimates 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, March 16th. Global Self Storage's payout ratio is presently 161.11%.

About Global Self Storage

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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