Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 116.9%

Gaia, Inc. (NASDAQ:GAIA) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 100,000 shares, an increase of 116.9% from the January 31st total of 46,100 shares. Based on an average trading volume of 34,700 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

GAIA has been the topic of several recent research reports. Lake Street Capital lifted their target price on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm started coverage on shares of Gaia in a research report on Tuesday, February 11th. They issued a “buy” rating and a $10.00 price target on the stock. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, StockNews.com started coverage on shares of Gaia in a research report on Monday, February 24th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Gaia

Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gaia during the third quarter worth approximately $49,000. Topline Capital Management LLC acquired a new position in shares of Gaia during the fourth quarter worth approximately $206,000. Geode Capital Management LLC lifted its position 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 purchasing an additional 21,870 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Gaia by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after purchasing an additional 7,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Gaia by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after purchasing an additional 27,289 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Gaia Price Performance

NASDAQ:GAIA traded up $0.13 on Friday, reaching $4.71. The stock had a trading volume of 17,328 shares, compared to its average volume of 41,188. The company has a market capitalization of $110.53 million, a P/E ratio of -17.44 and a beta of 0.71. Gaia has a 1-year low of $2.84 and a 1-year high of $6.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $4.92 and a 200-day moving average price of $5.13.

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.