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

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

Interactive Strength Stock Up 5.3%

TRNR traded up $0.02 during trading on Monday, reaching $0.39. The company had a trading volume of 139,712 shares, compared to its average volume of 523,287. The company has a market cap 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 debt-to-equity ratio of 2.29, a current ratio of 0.56 and a quick ratio of 0.40. The business’s fifty day moving average price is $1.01 and its 200 day moving average price is $2.44.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Aegis raised Interactive Strength to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Interactive Strength in a research report on Monday, December 29th. Finally, Maxim Group set a $2.25 target price on shares of Interactive Strength in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $2.25.

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.