Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Drops By 44.9%

Interactive Strength Inc. (NASDAQ:TRNR – Get Free Report) was the target of a significant decline in short interest in 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 company are sold short. Based on an average trading volume of 324,019 shares, the short-interest ratio is presently 0.1 days.

Interactive Strength Trading Down 2.3%

Shares of TRNR stock opened at $2.94 on Wednesday. The business’s fifty day moving average price is $4.98 and its 200 day moving average price is $19.93. Interactive Strength has a 1-year low of $2.37 and a 1-year high of $515.72. The firm has a market capitalization of $970,200.00, a PE ratio of -0.01 and a beta of 0.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26.

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Interactive Strength (NASDAQ:TRNR – Get Free Report) last released its earnings results on Wednesday, May 20th. The company reported ($10.24) EPS for the quarter, beating analysts’ consensus estimates of ($218.75) by $208.51. The company had revenue of $5.14 million during the quarter, compared to the consensus estimate of $4.64 million. Interactive Strength had a negative return on equity of 260.54% and a negative net margin of 183.89%.

Analysts Set New Price Targets

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

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Interactive Strength Company Profile

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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.

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