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

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 75,931 shares, a decline of 53.8% from the December 15th total of 164,230 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 97,723 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 97,723 shares, the short-interest ratio is presently 0.8 days. Currently, 3.2% of the company’s shares are sold short.

Interactive Strength Stock Performance

Shares of NASDAQ TRNR traded up $0.09 during mid-day trading on Friday, reaching $0.94. 46,140,328 shares of the company’s stock were exchanged, compared to its average volume of 4,272,308. The firm has a market capitalization of $2.25 million, a price-to-earnings ratio of -0.04 and a beta of 0.29. Interactive Strength has a 52 week low of $0.79 and a 52 week high of $39.60. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.56 and a quick ratio of 0.40. The firm has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $3.33.

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, beating the consensus estimate of ($4.90) by $1.79. The company had revenue of $4.82 million during the quarter, compared to analyst estimates of $12.00 million. Interactive Strength had a negative net margin of 202.03% and a negative return on equity of 152.27%.

Wall Street Analyst Weigh In

Several brokerages have commented on TRNR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Interactive Strength in a report on Monday, December 29th. Aegis upgraded shares of Interactive Strength to a “strong-buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Interactive Strength currently has an average rating of “Buy” and an average price target of $15.00.

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.