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

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 75,669 shares, a decline of 84.8% from the June 15th total of 496,536 shares. Based on an average daily volume of 475,528 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Gaia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in Gaia by 201.9% in the second quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after buying an additional 5,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Gaia during the 2nd quarter worth about $41,000. XTX Topco Ltd acquired a new position in shares of Gaia during the 4th quarter worth about $38,000. Ritholtz Wealth Management bought a new stake in shares of Gaia in the 4th quarter valued at about $39,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Gaia by 2,493.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after acquiring an additional 14,911 shares during the last quarter. Institutional investors own 40.53% of the company’s stock.

Gaia Trading Down 0.5%

GAIA stock traded down $0.01 during midday trading on Monday, reaching $2.13. The company’s stock had a trading volume of 59,929 shares, compared to its average volume of 284,289. Gaia has a 52 week low of $1.98 and a 52 week high of $6.39. The stock has a market cap of $53.91 million, a PE ratio of -11.21 and a beta of 0.95. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $2.35 and its 200-day simple moving average is $2.91.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, May 4th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $24.31 million during the quarter, compared to analyst estimates of $25.00 million. Gaia had a negative net margin of 4.76% and a negative return on equity of 4.62%. As a group, sell-side analysts expect that Gaia will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

GAIA has been the topic of several research reports. Weiss Ratings downgraded Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Wall Street Zen cut Gaia from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Gaia Company Profile

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.