Short Interest in Gaia, Inc. (NASDAQ:GAIA) Rises By 259.5%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 26,600 shares, a growth of 259.5% from the May 15th total of 7,400 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Gaia

Several hedge funds and other institutional investors have recently made changes to their positions in GAIA. AWM Investment Company Inc. boosted its stake in shares of Gaia by 48.4% in the 3rd quarter. AWM Investment Company Inc. now owns 1,097,865 shares of the company’s stock valued at $2,986,000 after purchasing an additional 358,145 shares during the last quarter. Acuitas Investments LLC boosted its stake in Gaia by 10.0% in the fourth quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after acquiring an additional 39,938 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Gaia by 7.0% in the fourth quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after acquiring an additional 5,883 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of Gaia during the 4th quarter valued at $88,000. 40.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Gaia in a research report on Wednesday, May 22nd. They issued a “strong-buy” rating on the stock.

Gaia Price Performance

Shares of GAIA traded up $0.03 on Friday, hitting $4.65. The company’s stock had a trading volume of 10,314 shares, compared to its average volume of 33,062. Gaia has a fifty-two week low of $2.11 and a fifty-two week high of $4.78. The company has a 50 day moving average price of $4.14 and a 200 day moving average price of $3.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $109.04 million, a PE ratio of -19.13 and a beta of 0.61.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $21.69 million for the quarter. Gaia had a negative return on equity of 5.98% and a negative net margin of 6.29%.

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.