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

Interactive Strength Inc. (NASDAQ:TRNR) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 143,200 shares, a growth of 79.0% from the June 30th total of 80,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 14.9% of the company’s shares are sold short.

Interactive Strength Trading Down 16.4 %

Interactive Strength stock traded down $0.14 during mid-day trading on Friday, hitting $0.71. The stock had a trading volume of 623,584 shares, compared to its average volume of 1,727,120. The stock has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $12.60. The stock has a market capitalization of $472,150.00, a PE ratio of -0.01 and a beta of -0.65. Interactive Strength has a 12 month low of $0.66 and a 12 month high of $114.40.

Interactive Strength (NASDAQ:TRNR) last released its earnings results on Monday, May 20th. The company reported ($26.80) earnings per share (EPS) for the quarter. Interactive Strength had a negative net margin of 4,007.36% and a negative return on equity of 101,636.09%. The business had revenue of $0.36 million for the quarter.

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.