Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Expands By 140.1%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 176,500 shares, an increase of 140.1% from the August 31st total of 73,500 shares. Based on an average daily volume of 423,600 shares, the short-interest ratio is currently 0.4 days. Currently, 10.1% of the shares of the stock are sold short. Currently, 10.1% of the shares of the stock are sold short. Based on an average daily volume of 423,600 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research firms recently commented on TRNR. Weiss Ratings reissued a “sell (e)” rating on shares of Interactive Strength in a research note on Saturday, September 27th. Maxim Group raised shares of Interactive Strength to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Interactive Strength from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Interactive Strength Price Performance

Interactive Strength stock opened at $3.51 on Friday. The company has a market capitalization of $6.14 million, a P/E ratio of 0.00 and a beta of 0.21. The firm’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $6.66. The company has a current ratio of 0.67, a quick ratio of 0.56 and a debt-to-equity ratio of 2.77. Interactive Strength has a 1-year low of $2.81 and a 1-year high of $201.00.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings results on Thursday, August 14th. The company reported ($2.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($18.91) by $16.78. The business had revenue of $1.20 million for the quarter, compared to the consensus estimate of $1.36 million. Interactive Strength had a negative net margin of 310.22% and a negative return on equity of 202.21%.

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.