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

Interactive Strength Inc. (NASDAQ:TRNR) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 808,300 shares, a growth of 1,104.6% from the September 30th total of 67,100 shares. Based on an average daily volume of 6,430,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 18.9% of the company’s shares are sold short.

Interactive Strength Stock Performance

Shares of TRNR remained flat at $0.13 during trading hours on Friday. 11,531,616 shares of the stock were exchanged, compared to its average volume of 2,464,372. The stock has a market capitalization of $515,686.00, a price-to-earnings ratio of 0.00 and a beta of -0.52. Interactive Strength has a 1 year low of $0.11 and a 1 year high of $47.60. The stock has a 50-day moving average of $0.29 and a two-hundred day moving average of $2.88.

Interactive Strength (NASDAQ:TRNR) last issued its earnings results on Wednesday, August 14th. The company reported ($17.48) EPS for the quarter. The business had revenue of $0.62 million for the quarter. On average, equities analysts expect that Interactive Strength will post -16.16 earnings per share for the current 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.