Short Interest in Gaia, Inc. (NASDAQ:GAIA) Grows By 242.0%

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 261,766 shares, a growth 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 presently 1.1 days. Approximately 1.4% of the shares of the stock are sold short.

Gaia Price Performance

Shares of GAIA opened at $1.56 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $1.90 and its 200-day simple moving average is $2.50. The firm has a market capitalization of $39.67 million, a price-to-earnings ratio of -6.50 and a beta of 0.95. Gaia has a twelve month low of $1.16 and a twelve month high of $6.39.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. Equities analysts forecast that Gaia will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings lowered Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Gaia from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Gaia

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Gaia by 201.9% in the second quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after purchasing an additional 5,173 shares during the period. XTX Topco Ltd purchased a new stake in Gaia during the fourth quarter worth approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Gaia in the second quarter worth $41,000. JPMorgan Chase & Co. raised its stake in shares of Gaia by 2,493.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after acquiring an additional 14,911 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Gaia by 39.4% during the 4th quarter. Wells Fargo & Company MN now owns 18,820 shares of the company’s stock valued at $68,000 after acquiring an additional 5,321 shares in the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

Gaia Company Profile

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.