Gaia, Inc. (NASDAQ:GAIA) Short Interest Down 58.2% in March

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 21,600 shares, a decline of 58.2% from the February 28th total of 51,700 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GAIA shares. StockNews.com began coverage on Gaia in a report on Friday. They issued a "buy" rating on the stock. Roth Mkm reissued a "buy" rating and issued a $9.00 price target (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Finally, Roth Capital raised shares of Gaia to a "strong-buy" rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in shares of Gaia by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company's stock valued at $5,006,000 after purchasing an additional 3,124 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in Gaia in the 4th quarter valued at about $2,804,000. Dimensional Fund Advisors LP lifted its position in Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company's stock valued at $1,827,000 after buying an additional 27,289 shares during the last quarter. Renaissance Technologies LLC lifted its position in Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company's stock valued at $855,000 after buying an additional 7,460 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Gaia by 13.9% during the third 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 during the period. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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Gaia Trading Down 7.8 %

Shares of NASDAQ GAIA traded down $0.31 during trading on Friday, hitting $3.69. 54,983 shares of the company were exchanged, compared to its average volume of 32,119. The company has a fifty day moving average price of $4.76 and a 200-day moving average price of $5.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $92.52 million, a PE ratio of -13.67 and a beta of 0.78. Gaia has a 12-month low of $3.03 and a 12-month high of $6.53.

Gaia (NASDAQ:GAIA - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $24.43 million during the quarter, compared to analysts' expectations of $24.40 million. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. As a group, equities research analysts expect that Gaia will post -0.23 EPS for the current year.

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.