Gaia Inc (NASDAQ:GAIA) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,680,000 shares, a decline of 9.5% from the June 15th total of 1,856,500 shares. Based on an average daily volume of 103,400 shares, the days-to-cover ratio is currently 16.2 days. Currently, 16.2% of the company’s shares are sold short.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Gaia has an average rating of “Hold” and an average target price of $17.33.

Several large investors have recently modified their holdings of the company. FNY Investment Advisers LLC boosted its holdings in Gaia by 46.3% in the 1st quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock worth $43,000 after acquiring an additional 1,514 shares during the period. California Public Employees Retirement System raised its position in shares of Gaia by 4.2% in the 4th quarter. California Public Employees Retirement System now owns 52,405 shares of the company’s stock valued at $543,000 after purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gaia by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 297,525 shares of the company’s stock valued at $3,082,000 after purchasing an additional 3,093 shares in the last quarter. Marshall Wace North America L.P. raised its position in shares of Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Gaia by 146.0% in the 4th quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after purchasing an additional 5,873 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Shares of NASDAQ:GAIA traded down $0.17 during trading on Monday, reaching $5.89. 10,330 shares of the stock were exchanged, compared to its average volume of 103,541. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.94 and a current ratio of 1.94. Gaia has a 12-month low of $5.70 and a 12-month high of $21.65. The firm has a market capitalization of $108.47 million, a price-to-earnings ratio of -3.01 and a beta of 1.26. The company has a 50-day moving average price of $7.18.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, April 29th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.12. Gaia had a negative return on equity of 38.97% and a negative net margin of 73.85%. The business had revenue of $12.47 million during the quarter, compared to analysts’ expectations of $12.76 million. On average, analysts expect that Gaia will post -1.21 earnings per share for the current fiscal year.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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