Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 38.7%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 53,800 shares, an increase of 38.7% from the August 15th total of 38,800 shares. Based on an average daily trading volume, of 28,100 shares, the short-interest ratio is currently 1.9 days.

Gaia Trading Down 1.8 %

Shares of NASDAQ GAIA traded down $0.09 during trading hours on Monday, hitting $4.91. 6,395 shares of the company traded hands, compared to its average volume of 31,098. The company’s 50 day moving average price is $4.59 and its 200 day moving average price is $4.15. Gaia has a 12 month low of $2.29 and a 12 month high of $5.22. The stock has a market capitalization of $115.12 million, a price-to-earnings ratio of -20.83 and a beta of 0.63. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Gaia in a research note on Friday, September 6th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Gaia

A hedge fund recently raised its stake in Gaia stock. Acuitas Investments LLC grew its holdings in shares of Gaia, Inc. (NASDAQ:GAIA) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 498,944 shares of the company’s stock after buying 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 reporting period. Institutional investors and hedge funds 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.