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

Interactive Strength Inc. (NASDAQ:TRNR) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 35,238 shares, an increase of 57.3% from the August 15th total of 22,408 shares. Based on an average daily volume of 12,716 shares, the short-interest ratio is currently 2.8 days. Approximately 2.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, September 3rd. 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, Interactive Strength has an average rating of “Moderate Buy” and a consensus price target of $157.50.

Interactive Strength Stock Performance

Shares of NASDAQ TRNR traded up $0.13 during midday trading on Thursday, hitting $2.89. The company’s stock had a trading volume of 1,532 shares, compared to its average volume of 134,457. Interactive Strength has a 1-year low of $2.37 and a 1-year high of $263.90. The firm’s fifty day moving average price is $3.12 and its 200-day moving average price is $5.75. The firm has a market cap of $4.68 million, a P/E ratio of -0.01 and a beta of 0.50.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Friday, August 14th. The company reported ($17.37) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.65 million for the quarter, compared to analyst estimates of $8.00 million.

About Interactive Strength

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.