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 during 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 daily volume of 106,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 19.0% of the company’s shares are short sold.

Interactive Strength Stock Down 6.5 %

NASDAQ TRNR traded down $0.31 on Tuesday, reaching $4.48. The company had a trading volume of 52,679 shares, compared to its average volume of 35,899. The stock’s 50 day moving average is $0.29 and its 200-day moving average is $2.21. The stock has a market cap of $17.97 million, a price-to-earnings ratio of -0.05 and a beta of -0.32. Interactive Strength has a 52 week low of $4.05 and a 52 week high of $4,760.00.

Interactive Strength (NASDAQ:TRNR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($17.48) EPS for the quarter. The company had revenue of $0.62 million during the quarter. As a group, analysts forecast that Interactive Strength will post -16.16 EPS for the current year.

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.