Gaia, Inc. (NASDAQ:GAIA) Sees Significant Growth in Short Interest

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com began coverage on Gaia in a research report on Monday, February 24th. They issued a “buy” rating on the stock. Lake Street Capital upped their target price on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm began coverage on Gaia in a research report on Tuesday, February 11th. They issued a “buy” rating and a $10.00 target price on the stock.

Gaia Stock Performance

NASDAQ:GAIA traded up $0.13 during mid-day trading on Friday, hitting $4.71. 17,328 shares of the company’s stock traded hands, compared to its average volume of 41,188. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $5.14. Gaia has a 12 month low of $2.84 and a 12 month high of $6.53. The firm has a market capitalization of $110.53 million, a price-to-earnings ratio of -17.44 and a beta of 0.71. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Gaia

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gaia in the 3rd quarter worth approximately $49,000. Topline Capital Management LLC acquired a new position in shares of Gaia in the 4th quarter worth approximately $206,000. Renaissance Technologies LLC raised its holdings in shares of Gaia by 4.1% in the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after buying an additional 7,460 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Gaia by 13.9% in the 3rd 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after buying an additional 27,289 shares in the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

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.