Gaia, Inc. (NASDAQ:GAIA) Short Interest Up 92.7% in April

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 31,600 shares, an increase of 92.7% from the March 31st total of 16,400 shares. Based on an average daily volume of 45,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GAIA. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. StockNews.com initiated coverage on shares of Gaia in a research note on Sunday, April 13th. They set a “hold” rating for the company. Finally, Roth Capital raised shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Gaia

Several hedge funds have recently added to or reduced their stakes in the company. Topline Capital Management LLC purchased a new position in shares of Gaia during the fourth quarter worth approximately $206,000. Geode Capital Management LLC grew its stake in Gaia by 13.9% in 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. P.A.W. Capital Corp grew its stake in Gaia by 8.6% in the first quarter. P.A.W. Capital Corp now owns 190,000 shares of the company’s stock worth $732,000 after purchasing an additional 15,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in Gaia by 4.1% in 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 grew its stake in Gaia by 7.2% in 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.

Gaia Stock Performance

Shares of NASDAQ:GAIA opened at $4.98 on Tuesday. Gaia has a 52 week low of $2.93 and a 52 week high of $6.53. The stock has a market capitalization of $124.86 million, a P/E ratio of -18.44 and a beta of 1.00. The firm has a fifty day simple moving average of $4.06 and a two-hundred day simple moving average of $4.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.40 million. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. On average, analysts expect that Gaia will post -0.23 earnings per share for the current fiscal year.

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.