Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 116.9%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant growth in short interest in 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 volume of 34,700 shares, the short-interest ratio is currently 2.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in shares of Gaia by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after buying an additional 3,124 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after buying an additional 7,460 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gaia in the third quarter valued at approximately $49,000. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. Finally, Dimensional Fund Advisors LP boosted 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 during the period. Institutional investors and hedge funds own 40.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GAIA shares. Roth Capital raised shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th. Roth Mkm started coverage on shares of Gaia in a research note on Tuesday, February 11th. They issued a “buy” rating and a $10.00 target price for the company. Lake Street Capital upped their target price on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com started coverage on shares of Gaia in a research note on Monday, February 24th. They issued a “buy” rating for the company.

Gaia Stock Up 2.8 %

Shares of Gaia stock traded up $0.13 on Friday, hitting $4.71. The company had a trading volume of 17,328 shares, compared to its average volume of 41,188. The firm has a market capitalization of $110.53 million, a P/E ratio of -17.44 and a beta of 0.71. Gaia has a twelve month low of $2.84 and a twelve month high of $6.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a 50-day moving average of $4.92 and a 200-day moving average of $5.13.

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.