Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Update

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 79,773 shares, a decrease of 56.9% from the May 31st total of 185,165 shares. Based on an average daily volume of 270,242 shares, the short-interest ratio is currently 0.3 days. Approximately 3.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRNR shares. Weiss Ratings downgraded Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, June 18th. Wall Street Zen raised Interactive Strength to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $157.50.

Interactive Strength Stock Performance

TRNR traded up $0.65 on Tuesday, hitting $4.71. The company’s stock had a trading volume of 252,278 shares, compared to its average volume of 146,444. Interactive Strength has a 12 month low of $3.08 and a 12 month high of $574.00. The firm has a market cap of $10.98 million, a P/E ratio of -0.08 and a beta of 0.50. The company has a quick ratio of 0.26, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. The company’s 50 day simple moving average is $0.84 and its 200-day simple moving average is $4.09.

Interactive Strength (NASDAQ:TRNR) last issued its earnings results on Wednesday, May 20th. The company reported ($10.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($218.75) by $208.51. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%. The business had revenue of $5.14 million for the quarter, compared to analysts’ expectations of $4.64 million.

About Interactive Strength

Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.