Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Declines By 53.8%

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 75,931 shares, a decline of 53.8% from the December 15th total of 164,230 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 97,723 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 97,723 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.2% of the company’s stock are sold short.

Analyst Ratings Changes

TRNR has been the subject of several research reports. Aegis upgraded Interactive Strength to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Interactive Strength in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.00.

Interactive Strength Price Performance

Shares of TRNR opened at $0.93 on Wednesday. Interactive Strength has a 12 month low of $0.83 and a 12 month high of $39.60. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.56 and a quick ratio of 0.40. The stock has a fifty day moving average price of $1.81 and a 200 day moving average price of $3.36. The company has a market cap of $2.22 million, a P/E ratio of -0.04 and a beta of 0.29.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings results on Friday, November 14th. The company reported ($3.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.90) by $1.79. The company had revenue of $4.82 million during the quarter, compared to the consensus estimate of $12.00 million. Interactive Strength had a negative net margin of 202.03% and a negative return on equity of 152.27%.

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.