Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Update

Key Points

• Short interest in Global Self Storage, Inc. rose by 52.7% in September, totaling 37,100 shares, indicating increased bearish sentiment among investors.
• Global Self Storage recently announced a quarterly dividend of $0.0725 per share, resulting in an annualized yield of 5.8%, despite a high dividend payout ratio of 131.82%.
• The company has a consensus rating of "Buy" among analysts, with a target price of $6.50, despite a recent downgrade from a "buy" to "hold" by Wall Street Zen.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 37,100 shares, a growth of 52.7% from the August 31st total of 24,300 shares. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is currently 1.1 days.

Global Self Storage Price Performance

NASDAQ SELF opened at $5.04 on Tuesday. The company has a market capitalization of $57.14 million, a price-to-earnings ratio of 22.91 and a beta of 0.02. Global Self Storage has a 12 month low of $4.78 and a 12 month high of $5.89. The company's fifty day moving average price is $5.16 and its two-hundred day moving average price is $5.26.

Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its earnings results on Friday, August 8th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $3.19 million for the quarter. Global Self Storage had a net margin of 19.56% and a return on equity of 5.23%.

Global Self Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 16th. Global Self Storage's dividend payout ratio (DPR) is currently 131.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Global Self Storage from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Global Self Storage in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Global Self Storage presently has a consensus rating of "Buy" and a consensus target price of $6.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Global Self Storage in the 1st quarter valued at approximately $32,000. Financial Gravity Companies Inc. bought a new stake in Global Self Storage during the second quarter valued at $34,000. Raymond James Financial Inc. increased its stake in Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 3,179 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of Global Self Storage during the first quarter worth $103,000. Finally, Ritholtz Wealth Management lifted its position in shares of Global Self Storage by 103.4% in the 2nd quarter. Ritholtz Wealth Management now owns 21,852 shares of the financial services provider's stock worth $117,000 after buying an additional 11,109 shares during the last quarter. Institutional investors and hedge funds 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.

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