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

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 21,600 shares, a decrease of 58.2% from the February 28th total of 51,700 shares. Currently, 0.1% of the company’s 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

A number of brokerages have recently weighed in on GAIA. Roth Mkm reiterated a “buy” rating and issued a $9.00 price target (down from $10.00) on shares of Gaia in a report on Tuesday, March 11th. Roth Capital raised shares of Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com began coverage on shares of Gaia in a research report on Friday. They issued a “buy” rating on the stock.

Institutional Trading of Gaia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gaia in the third quarter worth about $49,000. Geode Capital Management LLC lifted its stake in Gaia by 13.9% during the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after purchasing an additional 21,870 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in Gaia during the fourth quarter worth approximately $2,804,000. Ameriprise Financial Inc. boosted its holdings in Gaia by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock worth $5,006,000 after buying an additional 3,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after buying an additional 27,289 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.

Gaia Stock Performance

GAIA stock traded down $0.31 during mid-day trading on Friday, reaching $3.69. The company had a trading volume of 54,983 shares, compared to its average volume of 32,268. Gaia has a one year low of $2.86 and a one year high of $6.53. The stock has a market capitalization of $92.52 million, a P/E ratio of -13.67 and a beta of 0.78. 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 stock’s 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $5.10.

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

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.