() experienced a significant increase in short interest during the month of March. On April 30, there were 6,500 shorted shares. This is a 54.8% increase from April 15th's total of 4,200. The short-interest rate is currently 0.2 days based on a daily average trading volume of 26,200 shares.
Wall Street analysts forecast growth
Separately EF Hutton Acquisition Co. Recently, institutional investors changed their holdings in the company. LSV Asset Management purchased a stake in Global Self Storage during the fourth quarter worth approximately $43,000. Raymond James Financial Services Advisors Inc. purchased a new stake of about $60,000 in Global Self Storage at the end of the fourth quarter. James Investment Research Inc. increased its holdings of Global Self Storage by 47.1% in the third quarter. James Investment Research Inc. owns now 12,500 shares worth $73,000 of the stock of the financial services provider after purchasing an additional 4,000 in the last quarter. Symphony Financial Ltd. Co. purchased a new stake of Global Self Storage in the first quarter, worth approximately $79,000. Financial Advocates Investment Management purchased a stake in Global Self Storage worth approximately $88,000 during the fourth-quarter. Institutional investors own 32.27%.
Global Self Storage Stock Performance
The price of the stock rose $0.01 to $5.12 at midday on Thursday. The company's shares were traded at a volume of 20,358 compared to the average of 26,313. The fifty-day moving price of the stock is $5.17, and its 200 day moving price is also $5.14. The market cap is $57.06 millions, the PE ratio is 26.95, and beta is 0.21. Global Self Storage's low for the past year was $4.75, and its high for that same period was $7.36.
Global Self Storage Announces Dividend
A quarterly dividend was also declared by the company and paid out on Friday 31st March. The $0.072 was paid to stockholders who were registered on March 15th. This dividend became payable on Tuesday, March 14. The dividend yield is 5.63%. This dividend represents $0.29 on an annualized base. Global Self Storage has a dividend payout ratio of 152.63%.
Global Self Storage Company profile
Global Self Storage, Inc. operates as an investment trust. It is involved in the acquisition, operation, management and redevelopment of self storage properties. The company offers outdoor, personal parking, climate-controlled, wine and business storage. The company was established on September 1, 1984 and has its headquarters in Millbrook, NY.
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