Short Interest in Interactive Strength Inc. (NASDAQ:TRNR) Decreases By 99.0%

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 8,100 shares, a decrease of 99.0% from the October 15th total of 808,300 shares. Based on an average trading volume of 106,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 19.0% of the company’s shares are sold short.

Interactive Strength Trading Down 6.5 %

Shares of TRNR traded down $0.31 during trading hours on Tuesday, hitting $4.48. 52,679 shares of the stock traded hands, compared to its average volume of 35,899. Interactive Strength has a 1-year low of $4.05 and a 1-year high of $4,760.00. The firm has a market capitalization of $17.97 million, a PE ratio of -0.05 and a beta of -0.32. The business has a fifty day moving average of $0.29 and a 200-day moving average of $2.21.

Interactive Strength (NASDAQ:TRNR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($17.48) earnings per share (EPS) for the quarter. The firm had revenue of $0.62 million during the quarter. As a group, equities research analysts expect that Interactive Strength will post -16.16 earnings per share 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.