Short Interest in Gaia, Inc. (NASDAQ:GAIA) Expands By 429.9%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 46,100 shares, a growth of 429.9% from the January 15th total of 8,700 shares. Based on an average daily trading volume, of 31,400 shares, the short-interest ratio is presently 1.5 days.

Gaia Stock Up 0.2 %

Gaia stock traded up $0.01 during mid-day trading on Wednesday, hitting $5.02. The company had a trading volume of 49,091 shares, compared to its average volume of 43,440. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $5.06 and its two-hundred day moving average price is $5.11. Gaia has a 12 month low of $2.78 and a 12 month high of $6.53. The company has a market capitalization of $117.82 million, a PE ratio of -18.59 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GAIA shares. Lake Street Capital upped their price objective 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. Roth Capital raised shares of Gaia to a “strong-buy” rating in a report on Tuesday. StockNews.com assumed coverage on Gaia in a research note on Saturday. They issued a “buy” rating on the stock. Finally, Roth Mkm began coverage on Gaia in a report on Tuesday. They issued a “buy” rating and a $10.00 price objective for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GAIA. Peapod Lane Capital LLC purchased a new position in shares of Gaia in the fourth quarter valued at about $2,804,000. Geode Capital Management LLC lifted its stake in shares of Gaia by 13.9% during the third 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia during the third quarter worth about $49,000. Institutional investors own 40.53% of the company’s stock.

Gaia Company Profile

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.