Interactive Strength Inc. (NASDAQ:TRNR) Short Interest Up 44.4% in January

Interactive Strength Inc. (NASDAQ:TRNR) saw a significant growth in short interest in the month of 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. Based on an average trading volume of 5,361,138 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.4% of the shares of the company are short sold. Approximately 2.4% of the shares of the company are short sold. Based on an average trading volume of 5,361,138 shares, the days-to-cover ratio is currently 0.0 days.

Interactive Strength Price Performance

Interactive Strength stock opened at $0.39 on Friday. The stock has a market capitalization of $2.04 million, a P/E ratio of -0.02 and a beta of 0.30. The company’s fifty day moving average price is $1.01 and its 200 day moving average price is $2.46. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.40 and a current ratio of 0.56. Interactive Strength has a 1 year low of $0.30 and a 1 year high of $39.60.

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

Analyst Ratings Changes

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