Interactive Strength Inc. (NASDAQ:TRNR) Sees Large Growth in Short Interest

Interactive Strength Inc. (NASDAQ:TRNR) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 123,511 shares, a growth of 44.4% from the January 15th total of 85,521 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 5,361,138 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 5,361,138 shares, the short-interest ratio is currently 0.0 days. Approximately 2.4% of the shares of the company are sold short.

Interactive Strength Stock Performance

NASDAQ:TRNR opened at $0.39 on Tuesday. The stock has a 50-day moving average price of $0.97 and a 200 day moving average price of $2.41. The stock has a market capitalization of $2.04 million, a P/E ratio of -0.02 and a beta of 0.31. Interactive Strength has a 12-month low of $0.30 and a 12-month high of $39.60. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 2.29.

Interactive Strength (NASDAQ:TRNR) last posted its quarterly earnings results on Friday, November 14th. The company reported ($3.11) earnings per share for the quarter, topping the consensus estimate of ($4.90) by $1.79. The business had revenue of $4.82 million during the quarter, compared to the consensus estimate of $12.00 million. Interactive Strength had a negative return on equity of 152.27% and a negative net margin of 202.03%.

Analyst Ratings Changes

Several research firms have issued reports on TRNR. Aegis raised Interactive Strength to a “strong-buy” rating in a report on Tuesday, October 28th. Maxim Group set a $2.25 price objective on Interactive Strength in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Interactive Strength in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Interactive Strength presently has an average rating of “Buy” and a consensus target price of $2.25.

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.