Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Up 225.5% in July

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Interactive Strength Stock Down 3.1%

Shares of NASDAQ TRNR traded down $0.10 during trading hours on Friday, hitting $3.17. The company had a trading volume of 22,451 shares, compared to its average volume of 282,547. The stock has a market capitalization of $1.05 million, a P/E ratio of -0.01 and a beta of 0.42. 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 has a 1-year low of $2.37 and a 1-year high of $456.51. The firm’s 50 day moving average is $4.44 and its 200-day moving average is $16.18.

Interactive Strength (NASDAQ:TRNR) last released its earnings results 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 business had revenue of $5.14 million during the quarter, compared to analysts’ expectations of $4.64 million. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%.

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.