Gaia, Inc. (NASDAQ:GAIA) Sees Significant Growth in Short Interest

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 100,000 shares, a growth of 116.9% from the January 31st total of 46,100 shares. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is presently 2.9 days.

Gaia Stock Performance

Shares of GAIA traded up $0.13 during mid-day trading on Friday, hitting $4.71. The stock had a trading volume of 17,328 shares, compared to its average volume of 41,188. The company has a market cap of $110.53 million, a PE ratio of -17.44 and a beta of 0.71. The company’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $5.14. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a fifty-two week low of $2.84 and a fifty-two week high of $6.53.

Institutional Trading of Gaia

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Gaia by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after acquiring an additional 3,124 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in Gaia during the 4th quarter valued at $2,804,000. Dimensional Fund Advisors LP raised its stake in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after acquiring an additional 27,289 shares in the last quarter. Renaissance Technologies LLC raised its stake in Gaia by 4.1% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Gaia by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after buying an additional 21,870 shares in the last quarter. Institutional investors own 40.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GAIA shares. Roth Mkm started coverage on Gaia in a research report on Tuesday, February 11th. They set a “buy” rating and a $10.00 target price on the stock. StockNews.com started coverage on Gaia in a report on Monday, February 24th. They issued a “buy” rating on the stock. Lake Street Capital raised their price objective on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Roth Capital upgraded Gaia to a “strong-buy” rating in a report on Tuesday, February 11th.

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.