Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Rises By 225.5%

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 143,133 shares, a growth of 225.5% from the June 30th total of 43,979 shares. Currently, 43.0% of the shares of the company are short sold. Based on an average daily trading volume, of 486,301 shares, the short-interest ratio is presently 0.3 days.

Interactive Strength Stock Performance

TRNR stock traded down $0.10 during midday trading on Friday, reaching $3.17. 22,451 shares of the company were exchanged, compared to its average volume of 282,547. Interactive Strength has a one year low of $2.37 and a one year high of $456.51. The firm has a market capitalization of $1.05 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. The business has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $16.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.