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

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 16,400 shares, a drop of 24.1% from the March 15th total of 21,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 39,300 shares, the days-to-cover ratio is presently 0.4 days.

Gaia Stock Up 3.4 %

GAIA traded up $0.15 during trading on Thursday, hitting $4.60. 133,827 shares of the company's stock traded hands, compared to its average volume of 33,071. The stock has a market capitalization of $115.34 million, a price-to-earnings ratio of -17.04 and a beta of 1.00. The company's 50 day simple moving average is $4.07 and its two-hundred day simple moving average is $4.91. Gaia has a 12-month low of $2.93 and a 12-month high of $6.53. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $24.40 million. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. Analysts predict that Gaia will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Roth Mkm reiterated a "buy" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Gaia in a report on Tuesday, March 11th. StockNews.com started coverage on Gaia in a report 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 report on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in shares of Gaia by 0.3% during 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. Topline Capital Management LLC purchased a new position in Gaia in the 4th quarter worth approximately $206,000. Dimensional Fund Advisors LP grew its position in shares of Gaia by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company's stock valued at $1,827,000 after purchasing an additional 27,289 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Gaia by 4.1% during the 4th 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 in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Gaia in the fourth quarter worth $2,804,000. Institutional investors own 40.53% of the company's stock.

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.