Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Down 44.9% in June

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 43,979 shares, a decline of 44.9% from the June 15th total of 79,773 shares. Currently, 13.2% of the shares of the stock are sold short. Based on an average trading volume of 324,019 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Interactive Strength Stock Performance

Shares of NASDAQ TRNR opened at $2.97 on Friday. The business’s 50-day moving average price is $4.84 and its two-hundred day moving average price is $18.53. 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 one year low of $2.37 and a one year high of $508.89. The company has a market capitalization of $979,770.00, a P/E ratio of -0.01 and a beta of 0.42.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($10.24) EPS for the quarter, topping the consensus estimate of ($218.75) by $208.51. The company had revenue of $5.14 million for the quarter, compared to analyst estimates of $4.64 million. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%.

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.