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

Gaia, Inc. (NASDAQ:GAIA) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 32,100 shares, a decline of 21.9% from the June 30th total of 41,100 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Gaia

Several large investors have recently bought and sold shares of the stock. Marquette Asset Management LLC raised its stake in Gaia by 7.0% during the 4th quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after purchasing an additional 5,883 shares during the last quarter. Sapient Capital LLC acquired a new position in Gaia during the 4th quarter valued at $88,000. Finally, Acuitas Investments LLC raised its stake in Gaia by 10.0% during the 4th quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after purchasing an additional 39,938 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Gaia Stock Performance

Shares of Gaia stock traded up $0.08 on Tuesday, reaching $4.99. The stock had a trading volume of 8,009 shares, compared to its average volume of 31,202. The business’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $3.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.60 and a current ratio of 0.60. Gaia has a fifty-two week low of $2.12 and a fifty-two week high of $5.19. The stock has a market cap of $117.02 million, a P/E ratio of -20.79 and a beta of 0.61.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Gaia in a research note on Wednesday, May 22nd. They issued a “strong-buy” 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.