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

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,408 shares, a decline of 43.2% from the July 30th total of 39,476 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 34,254 shares, the days-to-cover ratio is presently 0.7 days.

Interactive Strength Price Performance

Shares of NASDAQ:TRNR traded down $0.10 during mid-day trading on Monday, reaching $2.90. 8,871 shares of the company traded hands, compared to its average volume of 143,742. The company’s 50 day moving average price is $3.39 and its 200-day moving average price is $7.57. The firm has a market cap of $4.69 million, a PE ratio of -0.01 and a beta of 0.44. Interactive Strength has a 52 week low of $2.37 and a 52 week high of $302.25.

Interactive Strength (NASDAQ:TRNR) last released its earnings results on Friday, August 14th. The company reported ($17.37) EPS for the quarter, topping analysts’ consensus estimates of ($19.67) by $2.30. Interactive Strength had a negative net margin of 159.24% and a negative return on equity of 469.40%. The company had revenue of $6.65 million for the quarter, compared to analysts’ expectations of $8.00 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.