Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 38.7%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 53,800 shares, an increase of 38.7% from the August 15th total of 38,800 shares. Based on an average daily volume of 28,100 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

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

Gaia Price Performance

NASDAQ GAIA traded down $0.09 during trading hours on Monday, reaching $4.91. The company’s stock had a trading volume of 6,395 shares, compared to its average volume of 31,098. Gaia has a 1 year low of $2.29 and a 1 year high of $5.22. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $115.12 million, a price-to-earnings ratio of -20.83 and a beta of 0.63. The firm’s 50-day moving average price is $4.59 and its 200-day moving average price is $4.15.

Gaia (NASDAQ:GAIA) last released 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 net margin of 6.68% and a negative return on equity of 6.37%. The company had revenue of $22.08 million for the quarter.

Institutional Trading of Gaia

An institutional investor recently raised its position in Gaia stock. Dimensional Fund Advisors LP grew its position in shares of Gaia, Inc. (NASDAQ:GAIA) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 338,638 shares of the company’s stock after acquiring an additional 13,865 shares during the quarter. Dimensional Fund Advisors LP owned about 1.44% of Gaia worth $1,493,000 at the end of the most recent reporting period. Institutional investors 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.