Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 35.7%

Gaia, Inc. (NASDAQ:GAIA) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 492,319 shares, a growth of 35.7% from the November 30th total of 362,826 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 145,328 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 145,328 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new position in shares of Gaia in the first quarter worth about $54,000. AWM Investment Company Inc. boosted its position in Gaia by 17.2% in the first quarter. AWM Investment Company Inc. now owns 1,962,706 shares of the company’s stock valued at $7,556,000 after buying an additional 288,000 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Gaia by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company’s stock worth $110,000 after buying an additional 8,500 shares during the period. S Squared Technology LLC raised its position in Gaia by 15.1% during the 1st quarter. S Squared Technology LLC now owns 723,305 shares of the company’s stock worth $2,785,000 after buying an additional 95,000 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Gaia during the 1st quarter valued at approximately $73,000. 40.53% of the stock is owned by institutional investors and hedge funds.

Gaia Price Performance

NASDAQ:GAIA traded up $0.01 during trading hours on Tuesday, hitting $3.64. 88,101 shares of the company were exchanged, compared to its average volume of 130,754. Gaia has a 52-week low of $2.93 and a 52-week high of $6.39. The stock has a market capitalization of $91.40 million, a price-to-earnings ratio of -19.16 and a beta of 0.94. The company’s 50 day moving average price is $4.15 and its 200-day moving average price is $4.78.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Gaia had a negative net margin of 4.87% and a negative return on equity of 4.80%. The business had revenue of $24.98 million during the quarter, compared to the consensus estimate of $25.23 million. On average, equities analysts predict that Gaia will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

GAIA has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaia in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Gaia to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.00.

About Gaia

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.