Interactive Strength Inc. (NASDAQ:TRNR) Sees Significant Decline in Short Interest

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 93,200 shares, a drop of 69.9% from the August 15th total of 310,100 shares. Based on an average trading volume of 2,990,000 shares, the short-interest ratio is currently 0.0 days. Approximately 2.4% of the shares of the company are sold short.

Interactive Strength Stock Up 2.1 %

TRNR traded up $0.01 during trading on Friday, hitting $0.32. The company’s stock had a trading volume of 125,179 shares, compared to its average volume of 1,112,435. Interactive Strength has a one year low of $0.30 and a one year high of $71.20. The firm has a market cap of $1.29 million, a PE ratio of 0.00 and a beta of -0.52. The business’s 50 day simple moving average is $0.60 and its 200-day simple moving average is $5.78.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($17.48) earnings per share for the quarter. The business had revenue of $0.62 million during the quarter. Interactive Strength had a negative return on equity of 101,636.09% and a negative net margin of 2,976.31%. Equities research analysts expect that Interactive Strength will post -16.16 EPS for the current fiscal year.

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.