Gaia, Inc. (NASDAQ:GAIA) Short Interest Up 35.7% in December
by Doug Wharley · The Cerbat GemGaia, Inc. (NASDAQ:GAIA – Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 492,319 shares, an increase of 35.7% from the November 30th total of 362,826 shares. Based on an average daily trading volume, of 145,328 shares, the short-interest ratio is presently 3.4 days. Currently, 2.7% of the company’s stock are short sold. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 145,328 shares, the short-interest ratio is presently 3.4 days.
Gaia Price Performance
Shares of NASDAQ GAIA traded down $0.01 during trading hours on Wednesday, hitting $3.63. 116,288 shares of the company’s stock were exchanged, compared to its average volume of 127,573. The company’s 50-day moving average price is $4.10 and its 200-day moving average price is $4.77. Gaia has a 1-year low of $2.93 and a 1-year high of $6.39. The stock has a market capitalization of $91.15 million, a price-to-earnings ratio of -19.11 and a beta of 0.94.
Gaia (NASDAQ:GAIA – Get Free Report) last released its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Gaia had a negative return on equity of 4.80% and a negative net margin of 4.87%.The firm had revenue of $24.98 million for the quarter, compared to analyst estimates of $25.23 million. On average, research analysts expect that Gaia will post -0.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on GAIA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Gaia in a report on Wednesday, October 8th. Wall Street Zen raised Gaia to a “hold” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gaia currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.
Check Out Our Latest Analysis on GAIA
Institutional Trading of Gaia
Hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp bought a new position in shares of Gaia during the 1st quarter worth about $54,000. AWM Investment Company Inc. grew its position in Gaia by 17.2% during the first quarter. AWM Investment Company Inc. now owns 1,962,706 shares of the company’s stock worth $7,556,000 after buying an additional 288,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Gaia by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company’s stock valued at $110,000 after acquiring an additional 8,500 shares during the period. S Squared Technology LLC raised its holdings in Gaia by 15.1% in the 1st quarter. S Squared Technology LLC now owns 723,305 shares of the company’s stock valued at $2,785,000 after acquiring an additional 95,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Gaia in the 1st quarter valued at approximately $73,000. 40.53% of the stock is owned by institutional investors.
About Gaia
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.