Gaia, Inc. (NASDAQ:GAIA) Sees Significant Increase in Short Interest

Gaia, Inc. (NASDAQ:GAIA) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 40,300 shares, a growth of 8.9% from the September 15th total of 37,000 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is currently 1.4 days.

Gaia Stock Performance

GAIA stock traded up $0.02 during mid-day trading on Thursday, hitting $5.31. 3,887 shares of the company were exchanged, compared to its average volume of 31,645. The business has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $4.47. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $124.50 million, a PE ratio of -22.04 and a beta of 0.63. Gaia has a 1-year low of $2.35 and a 1-year high of $5.51.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Gaia had a negative return on equity of 6.37% and a negative net margin of 6.68%. The company had revenue of $22.08 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Gaia in a research report on Friday, September 6th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Gaia

An institutional investor recently raised its position in Gaia stock. Dimensional Fund Advisors LP increased its holdings in Gaia, Inc. (NASDAQ:GAIA) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,638 shares of the company’s stock after buying an additional 13,865 shares during the period. Dimensional Fund Advisors LP owned 1.44% of Gaia worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.