Gaia, Inc. (NASDAQ:GAIA) Short Interest Update

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

Hedge Funds Weigh In On Gaia

A hedge fund recently raised its stake in Gaia stock. Acuitas Investments LLC grew its position in Gaia, Inc. (NASDAQ:GAIA) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,944 shares of the company’s stock after purchasing an additional 2,624 shares during the period. Acuitas Investments LLC owned approximately 2.13% of Gaia worth $2,200,000 as of its most recent SEC filing. Institutional investors own 40.53% of the company’s stock.

Analyst Ratings Changes

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

Gaia Trading Up 0.4 %

NASDAQ:GAIA traded up $0.02 during mid-day trading on Thursday, reaching $5.31. The company’s stock had a trading volume of 5,092 shares, compared to its average volume of 31,651. The company’s fifty day simple moving average is $4.71 and its two-hundred day simple moving average is $4.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.45 and a quick ratio of 0.45. Gaia has a twelve month low of $2.35 and a twelve month high of $5.51. The stock has a market cap of $124.50 million, a P/E ratio of -22.13 and a beta of 0.63.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.08 million during the quarter.

About Gaia

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.