Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Up 225.3% in May

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 185,165 shares, an increase of 225.3% from the May 14th total of 56,913 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 4,805,032 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRNR shares. Weiss Ratings upgraded shares of Interactive Strength from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Interactive Strength to a “hold” rating in a report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $22.50.

Interactive Strength Stock Down 0.6%

TRNR traded down $0.00 on Friday, hitting $0.58. The company had a trading volume of 228,199 shares, compared to its average volume of 917,992. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26. Interactive Strength has a 52-week low of $0.54 and a 52-week high of $82.00. The stock has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $5.79. The firm has a market capitalization of $1.34 million, a P/E ratio of -0.01 and a beta of 0.50.

Interactive Strength (NASDAQ:TRNR) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($10.24) EPS for the quarter, topping the consensus estimate of ($31.25) by $21.01. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%. The business had revenue of $5.14 million during the quarter, compared to analyst estimates of $4.64 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.