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

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 43,979 shares, a drop of 44.9% from the June 15th total of 79,773 shares. Approximately 13.2% of the company’s stock are short sold. Based on an average daily volume of 324,019 shares, the short-interest ratio is currently 0.1 days.

Interactive Strength Price Performance

Shares of Interactive Strength stock traded down $0.07 on Thursday, hitting $2.99. The company’s stock had a trading volume of 36,504 shares, compared to its average volume of 172,541. Interactive Strength has a 1 year low of $2.37 and a 1 year high of $508.89. The company has a market capitalization of $996,669.00, a price-to-earnings ratio of -0.01 and a beta of 0.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.26 and a current ratio of 0.39. The firm has a fifty day moving average price of $4.91 and a 200-day moving average price of $19.22.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.50.

Interactive Strength Company Profile

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.