Gaia, Inc. (NASDAQ:GAIA) Sees Large Growth in Short Interest

Gaia, Inc. (NASDAQ:GAIA) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 281,139 shares, an increase of 96.7% from the September 15th total of 142,913 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 76,014 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GAIA. Wall Street Zen downgraded Gaia from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings raised shares of Gaia from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Gaia Price Performance

Shares of NASDAQ:GAIA traded up $0.04 during midday trading on Thursday, hitting $1.35. 93,296 shares of the stock were exchanged, compared to its average volume of 111,556. Gaia has a twelve month low of $1.16 and a twelve month high of $6.25. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $1.44 and a 200-day moving average price of $2.06. The stock has a market cap of $34.33 million, a P/E ratio of -5.63 and a beta of 0.99.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. The business had revenue of $23.33 million for the quarter, compared to analyst estimates of $24.60 million. On average, research analysts forecast that Gaia will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GAIA. Squarepoint Ops LLC increased its stake in Gaia by 247.8% in the second quarter. Squarepoint Ops LLC now owns 43,772 shares of the company’s stock valued at $92,000 after purchasing an additional 31,187 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in Gaia in the 4th quarter valued at about $290,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Gaia during the 2nd quarter valued at about $189,000. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Gaia Company Profile

Gaia, Inc is a subscription-based streaming media company focused on conscious living, personal transformation and alternative thought. Through its Gaia streaming platform, the company offers a library of original and licensed programming covering yoga, meditation, fitness, spirituality, personal growth, holistic health, ancient civilizations, documentaries and related topics.

The company distributes its content primarily through Gaia.com and supported digital applications and connected-TV platforms.