Short Interest in Gaia, Inc. (NASDAQ:GAIA) Declines By 48.3%

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 51,700 shares, a decline of 48.3% from the February 13th total of 100,000 shares. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GAIA. Peapod Lane Capital LLC purchased a new position in Gaia in the fourth quarter valued at about $2,804,000. Topline Capital Management LLC acquired a new stake in shares of Gaia in the fourth quarter valued at approximately $206,000. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 27,289 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company's stock valued at $872,000 after purchasing an additional 21,870 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Gaia in the third quarter valued at approximately $49,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GAIA. StockNews.com began coverage on shares of Gaia in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Roth Capital raised shares of Gaia to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Roth Mkm reissued a "buy" rating and set a $9.00 price target (down from $10.00) on shares of Gaia in a report on Tuesday, March 11th.

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Gaia Stock Performance

NASDAQ GAIA traded down $0.01 during trading hours on Tuesday, hitting $4.14. 15,841 shares of the stock were exchanged, compared to its average volume of 32,489. Gaia has a 12-month low of $2.85 and a 12-month high of $6.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The company has a market cap of $103.80 million, a price-to-earnings ratio of -15.33 and a beta of 0.78. The stock has a 50-day moving average of $4.84 and a 200 day moving average of $5.15.

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