Gaia, Inc. (NASDAQ:GAIA) Shares Shorted: Short Interest Up 96.7% in September

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 76,014 shares, the short-interest ratio is currently 3.7 days. Currently, 1.5% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Institutional Trading of Gaia

Several institutional investors and hedge funds have recently made changes to their positions in GAIA. Squarepoint Ops LLC grew its position in Gaia by 247.8% in the 2nd quarter. Squarepoint Ops LLC now owns 43,772 shares of the company’s stock worth $92,000 after purchasing an additional 31,187 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Gaia during the 2nd quarter worth approximately $189,000. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Gaia in the 4th quarter worth approximately $290,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Gaia Stock Up 4.8%

Shares of Gaia stock traded up $0.06 on Wednesday, hitting $1.31. The company had a trading volume of 276,415 shares, compared to its average volume of 111,580. The stock has a market capitalization of $33.31 million, a price-to-earnings ratio of -5.46 and a beta of 0.99. Gaia has a 1 year low of $1.16 and a 1 year high of $6.25. The stock has a 50 day moving average of $1.45 and a 200-day moving average of $2.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.41 and a current ratio of 0.41.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. As a group, sell-side analysts forecast that Gaia will post -0.41 earnings per share for the current year.

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.