Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Decreases By 43.2%

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 22,408 shares, a drop of 43.2% from the July 30th total of 39,476 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 34,254 shares, the days-to-cover ratio is currently 0.7 days.

Interactive Strength Stock Performance

Shares of Interactive Strength stock opened at $3.00 on Friday. Interactive Strength has a 52 week low of $2.37 and a 52 week high of $302.25. The stock has a market capitalization of $4.86 million, a price-to-earnings ratio of -0.01 and a beta of 0.44. The firm has a fifty day moving average of $3.39 and a two-hundred day moving average of $7.69.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Friday, August 14th. The company reported ($17.37) EPS for the quarter, beating analysts’ consensus estimates of ($19.67) by $2.30. Interactive Strength had a negative return on equity of 469.40% and a negative net margin of 159.24%.The business had revenue of $6.65 million during the quarter, compared to the consensus estimate of $8.00 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.