Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Expands By 44.4%

Interactive Strength Inc. (NASDAQ:TRNR) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 123,511 shares, a growth of 44.4% from the January 15th total of 85,521 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,361,138 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,361,138 shares, the short-interest ratio is presently 0.0 days. Approximately 2.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRNR. Maxim Group set a $2.25 price target on Interactive Strength in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Finally, Aegis upgraded Interactive Strength to a “strong-buy” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Interactive Strength has an average rating of “Buy” and a consensus target price of $2.25.

Interactive Strength Stock Up 5.3%

Interactive Strength stock opened at $0.39 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 2.29. The firm has a market cap of $2.04 million, a P/E ratio of -0.02 and a beta of 0.30. The business has a fifty day moving average of $1.01 and a two-hundred day moving average of $2.46. Interactive Strength has a twelve month low of $0.30 and a twelve month high of $39.60.

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

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.