Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 8.9%

Gaia, Inc. (NASDAQ:GAIA) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 40,300 shares, an increase of 8.9% from the September 15th total of 37,000 shares. Based on an average trading volume of 29,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Gaia

An institutional investor recently raised its position in Gaia stock. Acuitas Investments LLC lifted its holdings in Gaia, Inc. (NASDAQ:GAIA) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 498,944 shares of the company’s stock after acquiring an additional 2,624 shares during the quarter. Acuitas Investments LLC owned 2.13% of Gaia worth $2,200,000 at the end of the most recent quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Gaia Price Performance

Gaia stock traded up $0.02 during mid-day trading on Thursday, hitting $5.31. 5,460 shares of the company traded hands, compared to its average volume of 31,653. Gaia has a one year low of $2.35 and a one year high of $5.51. The stock has a market cap of $124.50 million, a price-to-earnings ratio of -22.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a fifty day moving average price of $4.71 and a 200-day moving average price of $4.47.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company had revenue of $22.08 million for the quarter. Gaia had a negative net margin of 6.68% and a negative return on equity of 6.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Gaia in a research report on Friday, September 6th. They set a “hold” rating for the company.

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.