Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Decreases By 72.4%

Interactive Strength Inc. (NASDAQ:TRNR) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 39,476 shares, a decline of 72.4% from the July 15th total of 143,133 shares. Approximately 11.9% of the shares of the company are short sold. Based on an average daily volume of 23,497 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.50.

Interactive Strength Stock Up 1.2%

Shares of TRNR stock opened at $3.79 on Thursday. Interactive Strength has a twelve month low of $2.37 and a twelve month high of $315.00. The stock has a market cap of $1.26 million, a P/E ratio of -0.01 and a beta of 0.44. The stock has a 50 day moving average of $3.71 and a 200 day moving average of $10.21. The company has a current ratio of 0.39, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80.

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

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.