Interactive Strength Inc. (NASDAQ:TRNR) Sees Significant Increase in Short Interest

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 185,165 shares, a growth of 225.3% from the May 14th total of 56,913 shares. Approximately 8.0% of the company’s stock are short sold. Based on an average trading volume of 4,805,032 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several analysts have commented on TRNR shares. Weiss Ratings raised shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Interactive Strength to a “hold” rating in a report on Saturday, March 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $22.50.

Interactive Strength Stock Performance

Shares of TRNR stock traded down $0.04 during trading hours on Thursday, reaching $0.58. 183,352 shares of the company’s stock were exchanged, compared to its average volume of 923,813. Interactive Strength has a fifty-two week low of $0.56 and a fifty-two week high of $91.00. The stock has a market capitalization of $1.35 million, a P/E ratio of -0.01 and a beta of 0.50. The business has a fifty day moving average price of $1.02 and a 200-day moving average price of $5.95. The company has a quick ratio of 0.26, a current ratio of 0.39 and a debt-to-equity ratio of 0.80.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($10.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($31.25) by $21.01. The business had revenue of $5.14 million for 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%.

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.