Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Drops By 32.4%

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 33,200 shares, a decrease of 32.4% from the April 30th total of 49,100 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company's stock are short sold.

Global Self Storage Stock Performance

NASDAQ:SELF traded up $0.04 during trading hours on Tuesday, reaching $5.70. The stock had a trading volume of 18,808 shares, compared to its average volume of 21,590. The stock has a market capitalization of $64.63 million, a PE ratio of 21.11 and a beta of 0.03. Global Self Storage has a 52 week low of $4.60 and a 52 week high of $6.02. The company has a 50 day moving average price of $5.24 and a two-hundred day moving average price of $5.18.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its earnings results on Friday, May 9th. The financial services provider reported $0.10 earnings per share 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 $3.13 million for the quarter.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Monday, June 16th. Global Self Storage's payout ratio is currently 138.10%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Global Self Storage from a "hold" rating to a "buy" rating in a report on Sunday.

Insider Activity

In related news, CEO Mark Campbell Winmill bought 10,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the purchase, the chief executive officer now owns 322,838 shares in the company, valued at approximately $1,830,491.46. This represents a 3.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.97% of the company's stock.

Institutional Trading of Global Self Storage

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Asset Management Inc. bought a new position in shares of Global Self Storage in the first quarter worth about $32,000. Raymond James Financial Inc. bought a new position in shares of Global Self Storage in the fourth quarter worth about $66,000. PFG Investments LLC bought a new position in shares of Global Self Storage in the first quarter worth about $103,000. Bailard Inc. bought a new position in shares of Global Self Storage in the fourth quarter worth about $126,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Global Self Storage during the first quarter worth approximately $129,000. Hedge funds and other institutional investors own 28.88% of the company's 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.