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

Gaia, Inc. (NASDAQ:GAIA) was the target of a significant increase in short interest during the month of 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 daily volume of 76,014 shares, the short-interest ratio is currently 3.7 days. Approximately 1.5% of the shares of the company are sold short.

Gaia Stock Performance

Gaia stock traded up $0.06 during midday trading on Wednesday, reaching $1.31. The stock had a trading volume of 276,415 shares, compared to its average volume of 111,580. Gaia has a 12 month low of $1.16 and a 12 month high of $6.25. The firm’s 50-day moving average price is $1.45 and its 200 day moving average price is $2.08. The firm has a market capitalization of $33.31 million, a PE ratio of -5.46 and a beta of 0.99. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.05.

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

Hedge Funds Weigh In On Gaia

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its position in shares of Gaia by 247.8% during the 2nd quarter. Squarepoint Ops LLC now owns 43,772 shares of the company’s stock valued at $92,000 after acquiring an additional 31,187 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Gaia during the second quarter worth about $189,000. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Gaia during the fourth quarter worth about $290,000. 40.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Gaia from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Wall Street Zen lowered shares of Gaia from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Gaia has an average rating of “Sell”.

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.