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

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 21,600 shares, a drop of 58.2% from the February 28th total of 51,700 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

GAIA has been the subject of several research reports. Roth Capital upgraded Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and set a $9.00 price target (down from $10.00) on shares of Gaia in a research report on Tuesday, March 11th. Finally, StockNews.com started coverage on Gaia in a research note on Friday. They issued a “buy” rating for the company.

Gaia Price Performance

GAIA stock traded down $0.31 during mid-day trading on Friday, reaching $3.69. The company’s stock had a trading volume of 54,983 shares, compared to its average volume of 32,119. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $4.76 and its two-hundred day moving average is $5.09. Gaia has a fifty-two week low of $3.03 and a fifty-two week high of $6.53. The stock has a market cap of $92.52 million, a PE ratio of -13.67 and a beta of 0.78.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.40 million. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. Equities research analysts expect that Gaia will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia during the third quarter worth about $49,000. Topline Capital Management LLC purchased a new stake in shares of Gaia during the 4th quarter valued at approximately $206,000. Renaissance Technologies LLC lifted its holdings in Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after acquiring an additional 7,460 shares during the last quarter. Geode Capital Management LLC grew its position in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after acquiring an additional 21,870 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Gaia by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after acquiring an additional 27,289 shares during the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.