Short Interest in Gaia, Inc. (NASDAQ:GAIA) Increases By 429.9%

Gaia, Inc. (NASDAQ:GAIA) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 46,100 shares, an increase of 429.9% from the January 15th total of 8,700 shares. Based on an average daily volume of 31,400 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GAIA. Lake Street Capital lifted their target price on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Roth Capital raised shares of Gaia to a “strong-buy” rating in a report on Tuesday. Roth Mkm assumed coverage on shares of Gaia in a report on Tuesday. They set a “buy” rating and a $10.00 target price on the stock. Finally, StockNews.com started coverage on Gaia in a research note on Saturday, February 8th. They issued a “buy” rating for the company.

Gaia Price Performance

GAIA stock opened at $5.01 on Thursday. Gaia has a 52 week low of $2.78 and a 52 week high of $6.53. The business has a 50-day simple moving average of $5.06 and a 200 day simple moving average of $5.11. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The company has a market cap of $117.58 million, a PE ratio of -18.56 and a beta of 0.71.

Institutional Trading of Gaia

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Peapod Lane Capital LLC acquired a new position in Gaia during the fourth quarter valued at approximately $2,804,000. Geode Capital Management LLC boosted its stake in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after buying an additional 21,870 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia in the third quarter valued at about $49,000. Institutional investors own 40.53% of the company’s stock.

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.