Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Declines By 44.9%

Interactive Strength Inc. (NASDAQ:TRNRGet Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 43,979 shares, a drop of 44.9% from the June 15th total of 79,773 shares. Currently, 13.2% of the company’s stock are short sold. Based on an average daily trading volume, of 324,019 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Interactive Strength has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

Check Out Our Latest Research Report on TRNR

Interactive Strength Stock Performance

NASDAQ TRNR opened at $2.94 on Wednesday. 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 52-week low of $2.37 and a 52-week high of $515.72. The business’s 50-day moving average price is $4.98 and its 200 day moving average price is $19.93. The firm has a market cap of $970,200.00, a P/E ratio of -0.01 and a beta of 0.42.

Interactive Strength (NASDAQ:TRNRGet Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($10.24) EPS for the quarter, beating the consensus estimate of ($218.75) by $208.51. Interactive Strength had a negative return on equity of 260.54% and a negative net margin of 183.89%.The firm had revenue of $5.14 million during the quarter, compared to the consensus estimate of $4.64 million.

Interactive Strength Company Profile

(Get Free Report)

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.

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