Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Declines By 53.8%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant decline in short interest in 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. Based on an average daily volume of 97,723 shares, the short-interest ratio is presently 0.8 days. Approximately 3.2% of the company’s shares are sold short. Approximately 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.

Analyst Ratings Changes

Several research firms have recently issued reports on TRNR. Aegis upgraded shares of Interactive Strength to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Interactive Strength in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Interactive Strength has a consensus rating of “Buy” and a consensus target price of $15.00.

Interactive Strength Price Performance

NASDAQ TRNR opened at $0.90 on Thursday. The firm’s 50 day moving average is $1.78 and its 200-day moving average is $3.35. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $2.15 million, a PE ratio of -0.04 and a beta of 0.29. Interactive Strength has a 12-month low of $0.83 and a 12-month high of $39.60.

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%.

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.