Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Declines By 72.4%

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 39,476 shares, a decrease of 72.4% from the July 15th total of 143,133 shares. Approximately 11.9% of the company’s shares are short sold. Based on an average daily volume of 23,497 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.50.

Interactive Strength Stock Down 10.3%

Shares of Interactive Strength stock traded down $0.41 during trading hours on Friday, reaching $3.57. 179,676 shares of the company were exchanged, compared to its average volume of 20,748. The firm has a market cap of $1.18 million, a PE ratio of -0.01 and a beta of 0.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.26 and a current ratio of 0.39. Interactive Strength has a 1 year low of $2.37 and a 1 year high of $315.00. The stock’s fifty day moving average is $3.64 and its 200 day moving average is $9.88.

Interactive Strength (NASDAQ:TRNR) last released its earnings results on Friday, August 14th. The company reported ($17.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($19.67) by $2.30. Interactive Strength had a negative return on equity of 260.54% and a negative net margin of 183.89%.The firm had revenue of $6.65 million during the quarter, compared to analyst estimates of $8.00 million.

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.