Global Self Storage, Inc. (NASDAQ:SELF) Sees Significant Growth in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 13,800 shares, a growth of 119.0% from the June 15th total of 6,300 shares. Based on an average daily trading volume, of 61,900 shares, the short-interest ratio is presently 0.2 days.

Global Self Storage Stock Performance

Shares of NASDAQ SELF opened at $4.78 on Friday. Global Self Storage has a fifty-two week low of $4.01 and a fifty-two week high of $5.85. The company has a market cap of $53.82 million, a price-to-earnings ratio of 25.16 and a beta of 0.24. The business’s 50 day moving average price is $4.90 and its 200-day moving average price is $4.55.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.072 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.29 dividend on an annualized basis and a yield of 6.03%. Global Self Storage’s payout ratio is 152.64%.

Insider Activity at Global Self Storage

In other news, CEO Mark Campbell Winmill bought 20,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price of $4.97 per share, for a total transaction of $99,400.00. Following the acquisition, the chief executive officer now owns 287,494 shares of the company’s stock, valued at $1,428,845.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 23,641 shares of company stock worth $117,257. Company insiders own 7.97% of the company’s stock.

Institutional Trading of Global Self Storage

Institutional investors and hedge funds have recently made changes to their positions in the business. Creekmur Asset Management LLC purchased a new position in Global Self Storage in the 4th quarter worth about $42,000. Core Wealth Partners LLC purchased a new stake in Global Self Storage in the 1st quarter valued at about $44,000. Victory Capital Management Inc. bought a new position in Global Self Storage in the 4th quarter worth about $79,000. Finally, Towneley Capital Management Inc DE purchased a new position in shares of Global Self Storage during the fourth quarter worth approximately $200,000. 28.88% of the stock is currently owned by institutional investors.

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.