Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Update

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 35,238 shares, a growth of 57.3% from the August 15th total of 22,408 shares. Based on an average daily trading volume, of 12,716 shares, the short-interest ratio is currently 2.8 days. Approximately 2.2% of the shares of the company are sold short.

Interactive Strength Stock Up 4.7%

NASDAQ TRNR traded up $0.13 on Thursday, reaching $2.89. 1,532 shares of the stock traded hands, compared to its average volume of 134,457. Interactive Strength has a 12 month low of $2.37 and a 12 month high of $263.90. The company has a market cap of $4.68 million, a price-to-earnings ratio of -0.01 and a beta of 0.50. The firm’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $5.75.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings data on Friday, August 14th. The company reported ($17.37) earnings per share for the quarter, beating the consensus estimate of ($19.67) by $2.30. The business had revenue of $6.65 million during the quarter, compared to analyst estimates of $8.00 million. Interactive Strength had a negative return on equity of 469.40% and a negative net margin of 159.24%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.