Short Interest in Gaia, Inc. (NASDAQ:GAIA) Expands By 242.0%

Gaia, Inc. (NASDAQ:GAIA) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 261,766 shares, an increase of 242.0% from the July 30th total of 76,530 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 244,472 shares, the days-to-cover ratio is currently 1.1 days.

Gaia Stock Performance

Shares of NASDAQ GAIA opened at $1.56 on Thursday. Gaia has a 12-month low of $1.16 and a 12-month high of $6.39. The company has a market cap of $39.67 million, a PE ratio of -6.50 and a beta of 0.95. The stock has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $2.50. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05.

Gaia (NASDAQ:GAIA) last issued its quarterly 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%. On average, equities research analysts forecast that Gaia will post -0.41 EPS for the current year.

Institutional Trading of Gaia

A number of institutional investors have recently added to or reduced their stakes in GAIA. Marquette Asset Management LLC bought a new stake in Gaia during the second quarter worth approximately $189,000. XTX Topco Ltd bought a new position in Gaia during the fourth quarter valued at about $38,000. Manatuck Hill Partners LLC acquired a new position in shares of Gaia in the fourth quarter valued at $290,000. Marshall Wace LLP bought a new position in shares of Gaia during the 4th quarter worth about $99,000. Finally, Wells Fargo & Company MN boosted its holdings in Gaia by 39.4% during the fourth quarter. Wells Fargo & Company MN now owns 18,820 shares of the company’s stock valued at $68,000 after purchasing an additional 5,321 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GAIA. Weiss Ratings lowered shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. Wall Street Zen cut shares of Gaia from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Gaia

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.