Gaia, Inc. (NASDAQ:GAIA) Short Interest Up 242.0% in August

Gaia, Inc. (NASDAQ:GAIA – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 261,766 shares, an increase of 242.0% from the July 30th total of 76,530 shares. Based on an average daily volume of 244,472 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GAIA shares. Weiss Ratings lowered shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Wall Street Zen cut Gaia from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Gaia currently has an average rating of “Sell”.

Get Gaia alerts:

Check Out Our Latest Stock Analysis on Gaia

Institutional Trading of Gaia

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in Gaia in the fourth quarter worth approximately $38,000. Vanguard Group Inc. raised its holdings in Gaia by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock worth $4,949,000 after buying an additional 51,610 shares during the period. Geode Capital Management LLC raised its holdings in Gaia by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after buying an additional 215,415 shares during the period. Goldman Sachs Group Inc. lifted its stake in Gaia by 8.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 44,970 shares of the company’s stock valued at $163,000 after buying an additional 3,622 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Gaia by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company’s stock valued at $121,000 after buying an additional 4,959 shares in the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

Gaia Stock Down 2.2%

NASDAQ:GAIA traded down $0.04 during mid-day trading on Friday, reaching $1.55. The stock had a trading volume of 25,715 shares, compared to its average volume of 115,378. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $39.54 million, a price-to-earnings ratio of -6.48 and a beta of 0.95. Gaia has a 1-year low of $1.16 and a 1-year high of $6.39. The stock’s 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $2.48.

Gaia (NASDAQ:GAIA – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%.The company had revenue of $23.33 million during the quarter, compared to analyst estimates of $24.60 million. Equities analysts anticipate that Gaia will post -0.41 EPS for the current year.

About Gaia

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Gaia
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Receive News & Ratings for Gaia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia and related companies with MarketBeat.com's FREE daily email newsletter.